Income tax receipts from oil and gas expected to increase Rp5 T

Jakarta (ANTARA News) - Indonesia`s income tax receipts from the oil and gas sector are expected to increase by Rp4-5 trillion this year due to the current global oil price spiral, a tax official said.

"If I am not mistaken this year`s income tax receipts from oil and gas will increase by Rp4-5 trillion from the target set in the revised 2007 state budget," Director General of Taxation Darmin Nasution said here Friday.

But this would not be as high as an increase in non-tax state revenues from the oil and gas sector, he said.

He stopped short of revealing by how much the non-tax state revenues would increase. It was the director general of budgetary affairs who knew it well, he said.

If combined with an increase in other revenues, such as from crude palm oil, the increase in income tax receipts from the oil and gas sector would be higher than a rise in fuel and electricity subsidy borne by the government, he said.

"Although fuel and electricity subsidy goes up because of global oil price spiral, the rise in oil and gas revenues still will be slightly higher than the subsidy hike," he said.