news
A recent study by the Center of Economic and Law Studies (Celios) indicates that Indonesia could generate up to Rp142 trillion in annual state revenue by implementing a wealth tax on the country’s super-rich. The findings were detailed in the Economic Disparity Report 2026, launched on Tuesday, April 21, 2026, at Taman Ismail Marzuki in Jakarta.
The Scale of Wealth Disparity
The Celios report highlights a significant gap in wealth distribution, noting that the combined assets of Indonesia’s 50 richest individuals are equivalent to the wealth of 55 million citizens. Between 2019 and 2025, the wealth of these 50 individuals nearly doubled, rising from approximately Rp2,508 trillion to Rp4,651 trillion.
The total assets held by this small group now surpass the State Budget (APBN) and represent one-fifth of the nation’s Gross Domestic Product (GDP).
Defining the Wealth Tax
Media Wahyudi Askar, Celios’ Director of Public Policy, clarified that a wealth tax is distinct from a property tax. The proposed tax would apply to individuals with assets totaling Rp84 billion or more.
Under this framework, the tax would encompass a broad range of assets, including:
- Stocks
- Private jets and luxury yachts
- Jewelry and high-end bags
Revenue Potential and Public Application
According to the report, if a 2 percent wealth tax were applied specifically to the 50 richest individuals, the state could see Rp93 trillion in revenue. However, a progressive tax rate of 1-2 percent applied to all super-rich individuals could increase that potential to Rp142 trillion.
Media Wahyudi Askar noted that this amount is equivalent to 60 percent of the total income tax paid by all workers in Indonesia. These funds could potentially be used to finance public sectors, including millions of scholarships, millions of jobs, public facilities, free healthcare, and free commuter train services.
Implementation Challenges
Despite the projected financial gains, the path to implementation may be difficult. Staff from the Finance Minister’s office have stated that the proposed wealth tax would be hard to implement.

Given these conflicting views, future developments may depend on whether the government finds a viable way to track and tax the diverse assets of the super-rich as suggested in the proposed wealth tax discussions.
Frequently Asked Questions
Who would be eligible for the proposed wealth tax?
The wealth tax would only be applicable to individuals with assets amounting to Rp84 billion.
How does a wealth tax differ from a property tax?
Unlike a property tax, a wealth tax encompasses all assets owned by an individual, including stocks, jewelry, bags, luxury yachts, and private jets.
What are the potential revenue projections for the 50 richest individuals?
If the 50 richest individuals were subject to a 2 percent wealth tax, the potential revenue would reach Rp93 trillion.
Do you believe a wealth tax is the most effective way to reduce economic disparity?









