Fiscal Policy Direction for 2026: Government Focuses on Coretax Implementation, Bali Transformation, and Intensification of Import Duties

DGT Mandates Personal Annual Tax Return Filing via Coretax Starting 2026

The government, through the Directorate General of Taxes (DGT or DJP) of the Ministry of Finance (Kemenkeu), will mandate the use of the Core Tax Administration System (Coretax) for filing Annual Tax Returns (SPT Tahunan) for individual Taxpayers (WP Orang Pribadi) starting in 2026. This policy marks a full transition from the previous reporting system via DJP Online, requiring all individual Taxpayers to activate their accounts on the Coretax platform to fulfill their tax obligations.

According to the Expert Staff for Tax Compliance at the Ministry of Finance, Yon Arsal, the Coretax account activation process is designed to be easily accessible by Taxpayers. This process requires Taxpayers to create a new password and passphrase. "Once activated, we can then carry out transactions, including filling out the Annual Tax Return," explained Yon. This implementation is a continuation of the Coretax usage previously piloted for corporate Taxpayers for the functions of withholding, collection, and issuance of tax invoices.

The DGT affirmed that Taxpayers already registered with the DJP Online service can immediately activate Coretax by resetting their password. Meanwhile, Taxpayers who do not yet have a DJP Online account can submit a separate activation request. The tax authority is currently preparing the supporting infrastructure and conducting simultaneous socialization to ensure a smooth system transition, which is targeted for March 2026.

Government Prepares Special Bill to Transform Bali into a Global Financial Hub

The government, through the National Economic Council (DEN), confirmed a strategic plan to transform Bali into a new international-scale financial hub. This initiative, led by Luhut Binsar Pandjaitan, will focus on establishing family office entities, designed to attract investment and assets under management from global conglomerates and international asset managers to Indonesia.

To realize this vision, the government is currently drafting a special Bill (Rancangan Undang-Undang or RUU) to be submitted to the House of Representatives (DPR). This regulatory framework will offer a series of fiscal incentives and bureaucratic conveniences, taking cues from models successfully implemented in other jurisdictions such as Gujarat International Finance Tec-City (GIFT City) in India and the Dubai International Financial Centre (DIFC). "The government wants to create a modern, transparent financial center that supports national economic development," said DEN Spokesperson, Jodi Mahardi.

Although still in the conceptual stage, the plan is reported to have received support from President Prabowo Subianto. The objective is to create a competitive investment ecosystem, which is ultimately expected to strengthen foreign exchange reserves and accelerate national economic growth. The government emphasizes that it will adopt a cautious approach to ensure legal certainty and the integrity of the financial system.

Government Targets Rp336 Trillion in Revenue; Import Duty Intensification on Imported Mobile Phones and Electronics

The government, through the Directorate General of Customs and Excise (DJBC) of the Ministry of Finance, will intensify import duty tariffs on specific imported commodities, including mobile phones and other electronic goods. This policy is part of the strategy to achieve the customs and excise revenue target in the 2026 APBN, which has been set at Rp336 trillion, an increase of 11.4% from the 2025 outlook.

This intensification measure is being taken to compensate for the projected revenue decrease from several main posts. Import duty revenue in 2026 is projected to contract by 5.7% to Rp49.9 trillion, while the excise target is also slightly down by 0.3% to Rp243.5 trillion due to the absence of a tariff increase for Tobacco Product Excise (CHT). "The intensification of import duty tariffs on certain commodities such as mobile phones and electronics is currently in process," revealed the Director of Revenue and Strategic Planning for DJBC, Muhammad Aflah Farobi.

In addition to intensification, the government will also expand the revenue base through the imposition of excise duties on sweetened beverages in packaged form (MBDK) as a new excisable good. On the other hand, revenue from export duties is targeted to grow significantly by 852.1% to Rp42.6 trillion, driven by expectations of strengthening prices for key export commodities such as palm oil.