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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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Kenya Union of Savings and Credit Co-operatives (KUSCCO) imewasilisha mapendekezo kwa Hazina ya Taifa kuondoa ushuru wa excise kwenye miamala ya wanachama wa SACCO. Hatua hii inatarajiwa kupunguza gharama za huduma za kifedha na kuwapa wanachama faida zaidi. Mapendekezo mengine ni pamoja na kurekebisha viwango vya kodi ya mapato na kupanua ufafanuzi wa jamii za ushirika.
The Department of Justice has decided to file two tax evasion cases against Sarah and Pacifico “Curlee” Discaya for violations of the National Internal Revenue Code in 2020 and 2021. It also dismissed three other complaints against them due to lack of evidence or expiration of the prescription period. These actions are part of a broader investigation into their flood control projects.
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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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