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Bustling IDX trading floor with IHSG index rising to 8,450 on strong tax growth news.
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IHSG potentially strengthens to 8,450 backed by January tax growth of 30.7 percent

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The Composite Stock Price Index (IHSG) opened higher on Tuesday (February 24, 2026) amid solid January tax receipt data. Analysts predict limited upside potential to 8,450, though correction risks persist. Strong domestic consumption supports positive sentiment.

Mamlaka ya Mapato ya Kenya (KRA) inapanga mabadiliko makubwa katika Sheria ya VAT ili kufuta kiwango cha mapato ya Ksh5 milioni kwa usajili wa VAT. Hii itawapa wajibu biashara zote, ikiwa ni pamoja na wafanyabiashara wadogo, kutoa VAT ya asilimia 16 na kuipeleka kwa KRA kila mwezi. KRA inasema hii itapanua msingi wa kodi na kuongeza mapato kutoka Ksh653 bilioni hadi zaidi ya Ksh1 trilioni.

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President Lee Jae Myung on Tuesday shared a media report on social media platform X comparing property taxes on homeowners in major foreign cities to South Korea's. He questioned why South Korea's effective tax rate of about 0.15 percent is low compared to around 1 percent in New York, 1.7 percent in Tokyo, and 0.4 to 0.6 percent in Shanghai. Lee has prioritized stabilizing home prices for months.

South Korea's Cabinet approved a revision to the enforcement decree of the Income Tax Act, ending a temporary exemption from heavy capital gains taxes for owners of multiple homes. The measure, postponed under the previous Yoon Suk Yeol administration, will resume after nearly four years to stabilize housing prices and curb speculation in the greater Seoul area. It imposes a maximum tax rate of up to 75 percent on sales in designated speculative zones starting May 9.

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Private equity firms have halted deals in Nigeria amid concerns over increased taxes. They are now lobbying for changes to the higher tax policy. This development highlights tensions in the investment sector.

In an open letter, tax expert Mon Abrea urges President Ferdinand Marcos Jr. to overhaul the Philippine tax system beyond just abolishing the travel tax. The letter highlights that Filipinos pay multiple taxes but receive inadequate public services and economic opportunities. It calls for comprehensive reforms to restore trust in government.

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The Chartered Institute of Taxation of Nigeria (CITN) has strengthened its collaboration with the Nigeria Revenue Service (NRS) to advance the phased implementation of e-invoicing.

 

 

 

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