JAKARTA, March 21 (Xinhua) -- With ensuing impacts of global economy slowdown persisting, Indonesia would face uphill task in meeting its tax revenue target this year which initially targeted at 1,193 trillion rupiah (about 122.7 billion U.S. dollars), Indonesia's Finance Minister Agus Martowardoyo said here on Thursday.
"In the current economy (slowdown) condition, which is yet to be fully recovered, the target was an adequate challenge," Agus said in his office here.
He said that the target set for this year was 21.7 percent higher than 980.1 trillion rupiah the country received last year.
Despite of the hardships to comply with tax target, the minister said that the ministry has drafted plans to maximize tax collection efforts that would be carried out by its taxation directorate general office.
Among those efforts drafted were improving the tax regulation, expanding the scope of taxpayers, improving the legal basis on tax collection, improving the online tax payment system, applying risk- based tax and improving the cross-boundary tax collection mechanism.
Agus added that the ongoing economy slowdown have exacerbated the country's exports as demands from major export destination countries reduced. Export reductions were recorded in various sectors such as manufacture, commodity, mining and plantation products.
Impact of the export reduction was significant which made the country record lower growth at 6.3 percent last year from 6.5 percent in the year before.
All of those situations led to reduction of tax contributions from firms exporting those products, he said.