The Directorate General of Taxes (DJP) of the Ministry of Finance plans to expand access to financial information by including digital accounts and electronic money (e-money) as reportable financial products for tax purposes starting with 2026 data. This provision will be regulated in a new Minister of Finance regulation (PMK) replacing PMK 70/PMK.03/2017.

This policy is also a follow-up to Indonesia’s international commitment after signing the Addendum to the CRS MCAA on 19 November 2024. According to Director General of Taxes Bimo Wijayanto, Indonesia will begin implementing the latest version of AEOI CRS (Automatic Exchange of Information – Common Reporting Standard) for 2026 data, which will be exchanged in 2027.

What’s Changing?

Referring to the latest global standards from the OECD, the scope of reportable financial accounts will expand to include:

• Specified Electronic Money Products
• Central Bank Digital Currencies (CBDC)

These additions were not included in PMK 70/2017 nor its amendment under PMK 47/2024.

Preventing Reporting Duplication

To ensure more accurate and non-overlapping financial reporting, DJP is also introducing rules to harmonize reporting between:

• AEOI CRS, and
• Crypto-Asset Reporting Framework (CARF)

With this guidance, financial service institutions are expected to improve and streamline their reporting systems.

Main Objectives of the Policy

Aligned with the benefits of financial information exchange implemented since 2017, this expansion aims to:

1. Prevent tax avoidance
2. Prevent tax evasion
3. Avoid abuse of tax treaties
4. Obtain more accurate taxpayer data

DJP expects all financial service providers and related entities to prepare their systems, procedures, and data updates to support the implementation of the Amended CRS in 2026.