Recently, the Ministry of Finance issued Regulation No. 140/PMK.030/2017 on
Procedures for Withholding Income-Tax Exemptions for Investment Returns
and Funds Growth Deriving from Social Security Fund Assets (New Regulation).
The New Regulation is an implementation of Article 5 (4) of the Government
Regulation no. 73 of 2016 on Income Tax for Social Security Programs
Organized by the Social Security Agency (BPJS).

A closer look at the data show that import taxes in the 1 January 2017 – 28 December
2017 period reached IDR 34.58 trillion (approx. USD $2.6 billion), or
103.9 percent of the government’s full-year target. Excise taxes reached IDR
150.81 trillion (approx. USD $11.2 billion), or 98.4 percent of the target, while
export taxes reached IDR 3.97 trillion (approx. USD $294 million), or 146.9 percent
of the target.