Indonesia’s tax data access will soon extend beyond traditional banking systems, as the Directorate General of Taxes (DJP) prepares to monitor digital accounts and electronic money by 2026. This move marks a significant expansion of the country’s financial transparency measures under the global Common Reporting Standard (CRS) and Automatic Exchange of Information (AEOI) framework. Therefore, the policy aims to strengthen tax compliance and align Indonesia with international standards on financial data exchange.
The DJP confirmed that it will begin collecting information on e-money products and other digital accounts starting with the 2026 data year. Subsequently, the data gathered will be shared internationally in 2027. The expansion covers not only bank accounts but also electronic money and central bank digital currencies (CBDCs), reflecting the growing influence of digital finance in Indonesia’s economy. According to the DJP, this initiative supports the government’s ongoing efforts to ensure fair taxation and reduce unreported assets held in digital platforms.
Indonesia Tax Data Access Extends Beyond Banks
The upcoming regulation will broaden the scope of financial data subject to reporting under the CRS. Director General of Taxes Suryo Utomo explained that the government is preparing a new Minister of Finance Regulation (PMK) to formally include digital accounts in the reporting framework. “The data to be collected includes financial account information not only from conventional financial institutions but also from digital platforms that store, transfer, or manage funds electronically,” said Suryo.
Furthermore, Indonesia recently signed an addendum to the CRS Multilateral Competent Authority Agreement (MCAA) in November 2024. This legal step enables the government to exchange data on digital financial products with other jurisdictions participating in the CRS network. With this move, Indonesia demonstrates its readiness to adopt global financial transparency standards, similar to those implemented by other OECD member countries.
Digital Account Monitoring Set for 2026 Rollout
The DJP has outlined a clear timeline for the new system. Data collection on electronic money and digital accounts will begin in 2026, while the first international data exchange will take place in 2027. In the official announcement No. PENG-3/PJ/2025, the DJP stated, “Starting from the 2026 data year, financial institutions must report data on digital accounts, electronic money, and other specified financial products to the tax authority.”
To implement the new reporting framework effectively, the Ministry of Finance will issue additional technical guidelines to avoid duplication between the CRS and the Crypto-Asset Reporting Framework (CARF). These measures will therefore ensure that both digital financial assets and crypto-assets fall under proper supervision without overlapping requirements. As a result, the DJP believes this will improve efficiency and compliance among financial institutions.
How the New Rules Affect E-Wallet Users and Fintechs
The new digital account monitoring policy will directly impact fintech companies, e-wallet providers, and taxpayers. Electronic money reporting will require these institutions to establish reliable systems to collect, verify, and transmit user data to the DJP. Consequently, e-wallet platforms like GoPay, OVO, or Dana must ensure that account balances, transactions, and user identities are accurately reported.
For individuals, this change brings greater transparency in how digital assets are managed. Therefore, taxpayers who hold significant balances in e-wallets or digital currencies must ensure proper declaration of their assets to avoid compliance issues. According to the DJP, these measures are not designed to increase tax burdens but to create a fairer system that reflects the true scope of financial activity in Indonesia’s fast-growing digital economy.
Aligning Indonesia’s Tax Policy with Global Standards
This initiative positions Indonesia among countries advancing toward global tax transparency. Similarly, other nations such as Singapore and Australia have implemented comparable programs where digital account monitoring has enhanced fiscal accountability. By joining this network, Indonesia contributes to a more transparent international financial system while protecting its domestic tax base.
The DJP also noted that the inclusion of electronic money and CBDCs under the CRS aligns with global trends in digital finance regulation. Moreover, the agency emphasized that these measures are crucial for preventing tax evasion and ensuring equal treatment for taxpayers, whether their assets are stored in banks or digital wallets.
Tax Transparency Expansion Strengthens Indonesia’s Credibility
The expansion of Indonesia’s tax transparency framework marks a milestone in modernizing financial governance. As digital transactions continue to grow, the ability to monitor digital accounts and e-money ensures that the tax system remains fair and relevant. Furthermore, the DJP’s readiness to manage new reporting systems highlights Indonesia’s commitment to integrity, compliance, and cooperation in international tax exchange.
Through the government’s decisive steps, Indonesia reinforces its reputation as a responsible participant in global financial transparency initiatives. Ultimately, this forward-looking policy not only enhances tax oversight but also builds trust in the nation’s digital financial ecosystem.
Source: cnnidonesia.com, finance.detik.com
Image: pixelshot
