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Illustration of strengthening Rupiah amid tax revenue optimism, featuring Finance Minister and rising currency charts in Jakarta's financial hub.
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Rupiah strengthens on 2026 tax revenue optimism

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The rupiah exchange rate against the US dollar strengthened in Tuesday morning trading, boosted by Finance Minister Purbaya Yudhi Sadewa's optimism about 2026 tax revenue exceeding targets. January tax realizations surged 30.8 percent year-on-year, while the Consumer Confidence Index rose to its highest level in a year. This comes amid fluctuations in the domestic stock market, which opened slightly weaker.

Indonesia's Finance Minister Purbaya Yudhi Sadewa disclosed underpaying about Rp50 million in his personal annual income tax return. He pointed out glitches in the Coretax system and noted that such shortfalls are common for taxpayers with multiple income sources.

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The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has submitted proposals to the National Treasury for removing excise duty on SACCO member transactions. The move aims to cut financial service costs for members, many of low- and middle-income. Other suggestions include adjusting income tax bands and broadening cooperative society definitions.

Nagpasya ang Department of Justice na magsampa ng dalawang kaso ng tax evasion laban kay Sarah at Pacifico “Curlee” Discaya dahil sa mga paglabag sa National Internal Revenue Code noong 2020 at 2021. Kasabay nito, tinanggal ang tatlong iba pang reklamo laban sa kanila dahil sa kakulangan ng ebidensya o paglipas ng prescription period. Ang mga ito ay bahagi ng mas malawak na imbestigasyon sa kanilang mga proyekto sa flood control.

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The Directorate General of Taxes records 1,150,414 annual tax returns filed by the morning of February 2, 2026, for the 2025 tax year. This figure includes various taxpayer categories, such as individuals and corporations. The DJP urges taxpayers to file promptly to avoid fines.

The Chartered Institute of Directors Nigeria (CIoDN) has urged businesses to treat tax matters as a core fiduciary issue. This call comes amid ongoing discussions on taxation's role in governance and business operations.

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Finance Minister Purbaya Yudhi Sadewa has admitted that the 2025 tax revenue target of Rp2.189 trillion was not met due to the national economy's slowdown in the first nine months. He also expressed surprise at complaints from taxpayers about difficulties in self-activating Coretax accounts. The statements were made at the Ministry of Finance in Jakarta on December 31, 2025.

 

 

 

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