Tax

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.

March 20, 2026 Reported by AI

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.

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.

February 01, 2026 Reported by AI

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.

January 01, 2026 Reported by AI

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.