Prepare New Rules, Directorate General Of Taxes Can Take A Peek At E-Wallet And Community Digital Currency

The Directorate General of Taxes (DJP) of the Ministry of Finance (Kemenkeu) plans to expand the scope of access to financial information for tax purposes. Access to data previously limited to bank accounts will now be expanded including certain electronic money products (e-wallet) and central bank digital currencies.

This policy is contained in the Announcement Number 3/PJ/2025 which was signed by the Director General of Bimo Wijayanto Taxes, on October 22, 2025.

Meanwhile, this expansion is part of the implementation of the Automatic Exchange of Information on Financial Account (AEOI) based on the Common Reporting Standard (CRS). The implementation will begin in 2026, while data exchange with partner countries will be carried out in 2027.

"The Director General of Taxes as the Competent Authority of Indonesia has signed an MDAA Addendum to the CRS (Multilateral Competent Authority Agreement) on November 19, 2024, which contains Indonesia's commitment to other countries/charistics of signings to implement AEOI CRS based on the Amendmentd CRS starting the year of 2026 data which will be exchanged in 2027," the announcement read, quoted Thursday, November 13.

This step is also a form of Indonesia's commitment to the implementation of international cooperation based on the Convention on Mutual Administrative Assistance on Tax Matters and the Multilateral Competent Authority Agreement on AEOI CRS (CRS MCAA) which has been signed since June 3, 2015.

As a background, CRS was developed by the Organization for Economic Cooperation and Development (OECD) at the request of the G20. This standard requires each jurisdiction to collect data from its domestic financial institutions and exchange the information automatically for other countries every year.

Currently, the DGT is preparing a new Draft Regulation of the Minister of Finance (PMK) which will adjust the national provisions to the Amended CRS. This rule is planned to replace PMK Number 47 of 2024 concerning Technical Instructions regarding Access to Financial Information for Tax Interests.

"The reported additional financial account coverage includes Certain Electronic Money Products (Specified Electronic Money Products) and Central Bank Digital Currecies," he said.

In addition to expanding the type of reported account, the new PMK will also contain provisions to prevent duplication of reporting between AEOI CRS and Crypto-Asset Reporting Framework (CARF).

Financial service institutions will also be asked to improve the quality of reporting, including strengthening financial account identification procedures; additional types of excluded financial accounts; to additional reported information.

The additional information reported includes information on whether financial service institutions, other financial services institutions and other entities have received valid self-reports (valid self-certification) on financial account holders and control of entities (controlling persons).

Then the information on the role that is carried out by the holder of participation in equity interest in the Investment Entity which is a non-law entity (legal arrangement). There is also related to information on the procedure for identifying financial accounts as Old Financial Accounts or New Financial Accounts.

Information on the type of financial account reported is a savings account, custodian account, insurance contract, or participation in equity or debt (equity interest or debt interest); as well as financial account information which is a shared financial account (joint account) to the number of financial account holders from the joint financial account in question.

Next is the adjustment of information related to the role of controlling entities (controlling personnel) into information that must be reported.

"Through this announcement, financial service institutions, other financial service institutions and other entities are expected to have sufficient time to identify and meet the needs in the context of implementing the provisions of the AMENDED CRS," he added.