The Ministry of Finance is targeting up to IDR 5 trillion in potential revenue through tax expansion efforts involving 40 steel companies deemed to have outstanding tax obligations.
Minister of Finance Purbaya Yudhi Sadewa said only one of the 40 companies on the list has so far been audited.
“For steel companies, I have a list of 40. Only one has been audited. We estimate there could be IDR 4 trillion to IDR 5 trillion in leakage,” Purbaya told reporters at the Ministry of Finance office in Jakarta on Friday (August 28, 2026).
Purbaya explained that the effort is part of the government’s strategy to expand the tax base by improving companies’ compliance with their tax obligations. According to Purbaya, potential revenue from just one company could reach around IDR 1 trillion when calculated over a three-year period.
The audits cover several types of tax obligations, including income tax, value-added tax, and obligations related to import activities.
Regarding imports, Purbaya said there is still room to increase state revenue, adding that efforts to address the issue have yet to be carried out optimally.
The Ministry of Finance has begun auditing the companies and calculating the amount of tax they are required to pay. The resulting liabilities will then be followed up through the tax collection process.
In addition to pursuing potential revenue from companies that have yet to fulfill their tax obligations, Purbaya said the Ministry of Finance is also evaluating its internal oversight processes.
He said companies being able to operate for decades without being detected as having outstanding tax obligations suggested possible involvement by internal personnel.
“The fact that there are companies like that operating for decades without being detected means someone was involved,” he said.
Purbaya said he had obtained the names of several employees suspected of potentially being involved in the alleged misconduct. He stressed that employees proven to have committed violations would face sanctions, including possible dismissal from their positions.
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