Jakarta, DDTCNews – Through its latest research, The PRAKARSA estimate the total lost state revenue due to the practice misinvoicing in the fisheries and coal sectors reached IDR 74 trillion. This figure was obtained in the range from 2012 to 2021.
In detail the researcher The PRAKARSA Rizky Deco Praha said the loss of state revenue as a result misinvoicing in the fisheries sector it reached IDR 2,7 trillion in 10 years, while in the coal sector it reached IDR 71,4 trillion.
“This is only from 2 commodities. We lost an average revenue of IDR 7,41 trillion. Our trade is not only in these 2 commodity sectors. So, the government actually has a large revenue potential related to the flow of illicit funds that have been happening so far," said Deco. Wednesday (31/1/2023).
In more detail, The PRAKARSA estimate trends under-invoicing Exports in the fisheries sector have tended to decline in the last 10 years. reverse comparison, under-invoicing Imports in this sector have actually increased.
Deco said that there is no potential for state revenue to be lost under-invoicing fishery exports considering that there are no tax and non-tax levies on the export of these commodities.
In terms of imports, Indonesia imposes a VAT at a rate of 10% and Article 22 Import Income Tax of 2,5% for importers who have an import identification number (API). Consequence under-invoicing import, The PRAKARSA estimates that there is a loss of revenue of IDR 2,7 trillion or IDR 270 billion per year.
Then, related to the coal sector, Deco said value under-invoicing exports and imports in this sector have recorded a rapid increase in the last 10 years, especially in the 2020-2021 range.
It should be noted that for coal exports, Indonesia imposes a PPh of 1,5% and a royalty of 5%. Consequence under-invoicing, there is a loss of revenue from coal exports worth IDR 6,7 trillion per year.
Furthermore, The PRAKARSA noted that coal imports are subject to VAT of 10% and Article 22 Import Income Tax of 2,5% if the coal importer has API. Consequence under-invoicing, there was a loss of revenue from coal import activities amounting to IDR 486,6 billion per year.
As a note, the estimated loss of state revenue due to practice invoice carried out by The PRAKARSA this is calculated based on trade data obtained from the UN Comtrade Database.
Based on these data, it was found that there was a difference between Indonesia's export value and the value recorded by the export destination country. If the value recorded by the export destination country is greater than the export value recorded by Indonesia, this indicates a practice under-invoicing export.
As for under-invoicing Imports occur when the value of imports recorded in Indonesia is lower than the value of exports recorded by other countries.
"From this difference, there are often taxes and PNBP that should be imposed on these products, but because they are not imposed, we count them as potential losses," said Deco. (sap)
Sumber: DDTC News
