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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.
법무부는 Sarah와 Pacifico “Curlee” Discaya 부부에 대해 2020년과 2021년 국가납세코드 위반으로 두 건의 세금 탈루 소송을 제기하기로 결정했다. 증거 부족이나 소멸시효 만료로 다른 세 건의 고발을 기각했다. 이러한 조치는 그들의 홍수 방제 프로젝트에 대한 광범위한 조사の一部이다.
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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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