The Directorate General of Taxes (DGT) issued an announcement regarding its plan to issue a Minister of Finance Regulation listed in PENG-3/PJ/2025 concerning the Implementation of Amendments to the Common Reporting Standard in the Context of Implementing Provisions on Access to Financial Information for Taxation Purposes, published on October 22, 2025. As we know, Indonesia, through the DJP, has been automatically exchanging financial information in accordance with the Common Reporting Standard (CRS) with countries/jurisdictions since 2018 for data from 2017. Meanwhile, in the DGT announcement, the DGT, as the competent authority of Indonesia, signed the Addendum to the CRS MCAA on November 19, 2024, which contains Indonesia’s commitment, together with other signatory countries/jurisdictions, to implement AEOI CRS starting with data for the 2026 tax year, which will be exchanged in 2027.
The announcement explained that the DGT is preparing a Minister of Finance Regulation as an implementation of PERPPU 1 of 2017 to replace Minister of Finance Regulation No. 70/PMK.03/2017 concerning technical guidelines on access to financial information for taxation purposes to be in line with the provisions of the Amended CRS. The main points of the new regulation are as follows:
- Addition of financial account coverage reported, including:
a. Certain Electronic Money Products, and
b. Central Bank Digital Currencies - Regulations to prevent duplication of AEOI CRS and Crypto-Asset Reporting Framework (CAFR) reporting.
- Improvements to reporting aspects, including:
a. Strengthening financial account identification procedures
b. Addition of types of financial accounts that are exempt,
c. Addition of reported information, including:
1. Information on whether the Financial Services Institution, Other Financial Services Institution, and Other Entity,
2. Information on the role played by shareholders,
3. Information on identification procedures,
4. Information on the type of financial account,
5. Information on joint financial accounts.
d. Adjustment of information related to the controlling role of the entity
- Adjustment of the AEOI CRS Report Format to accommodate information that must be reported in accordance with the Amended CRS XML format.
This announcement is intended to allow sufficient time for identification and fulfillment of requirements in order to implement the Amended CRS provisions specifically for financial services institutions, other financial services institutions, and other entities.
By Olina Rizki Arizal – Partner
TBrights is a tax consultant in Indonesia that is currently an Integrated Business Service in Indonesia that can provide comprehensive tax and business services.
Reference:
- Announcement of the Directorate General of Taxes Number PENG-3/PJ/2025 concerning the Implementation of Amendments to the Common Reporting Standard in the Context of Implementing Provisions on Access to Financial Information for Taxation Purposes
