AEOI-CRS Reporting

 
 
 

ID|EN

 

Requirement

Automatic financial information reports, at least containing information in the form of:

  1. Identity of the Financial Account holder (Including Tax Identification Number);
  2. Financial Account number;
  3. Identity of the Reporting Financial Institution;
  4. The balance or value of the Financial Account; and
  5. Income related to the Financial Account.

Details of this information are listed in Attachment of PMK-70/PMK.3/2017 and PER-04/PJ/2018.

 

Reporting Media

Automatic reporting of financial information is made in the form of electronic documents in the following format:

  1. Extensible Markup Language (XML); or
  2. Excel Binary File Format (xls),

and security or encryption is carried out with an application provided by the Directorate General of Taxes.

Media and Instructions/Guidances:

 

Reporting Mechanism

Financial information reports are automatically submitted through an online electronic mechanism through the website of the Directorate General of Taxes or other pages determined by the Directorate General of Taxes.

For more details regarding the procedure for submitting reports, please refer to PER-04/PJ/2018.

 

Defiance Of Financial Information Reports for International Agreement or Automatic Exchange of Information Implementation

By the issuance of law number 9/2017 concerning the enactment of government regulation in lieu of law number 1/2017 concerning the access to financial information for tax purpose, hereby we convey several things:

  1. In accordance with the implementation of international agreement or automatic exchange of financial account information (AEOI) based on the common reporting standard (CRS), financial institution service, other financial institution services, and/or other entities are obliged to submit financial information report to DGT. To submit the report, financial institution service, other financial institution service, and/or other entities must identify due diligence of the financial account which they manage as well as perform, keep, and maintain documents of the identification procedure.
  2. Article 7 law number 9/2017 stipulates the sanction for any defiance to submission obligation as mentioned in the said law as follows:
  1. The executive and/or staffs of the financial service institution, other financial institution service, and/or other entities as mentioned in article 2 section (1), who:
  1. Does not submit report in accordance with article 2 section (2);
  2. Does not perform financial account identification procedure in due diligence as mentioned in article 2 section (4); and/or
  3. Does not give information and/or evidence or explanation as mentioned in article 4 section (2).

Could be confined for a maximum of 1 year or fined a maximum of Rp1.000.000.000 (one billion rupiah).

  1. Financial institution service, other financial institution service and/or other entities as mentioned in article 2 section (1) which
  1. does not submit report as mentioned in article 2 section (2);
  2. does not perform due diligence financial account identification procedure as mentioned in article 2 section (4); and/or
  3. does not give information and/or evidence or explanation as mentioned in article 4 section (2).

Could be fined a maximum of Rp1.000.000.000 (one billion rupiah).

  1. Every people that gives false statement or hide or reduce the information which, by law, is supposed to be conveyed in the report as mentioned in article 2 section (2), could be confined maximum 1 (one) year or fined maximum Rp1.000.000.000 (one billion rupiah). If there were any potential defiances to the obligation as mentioned in point a above, please send the information to Directorate General of Taxes through email aeoi@pajak.go.id using CRS Defiant Report Form.

 

More FAQs

FAQ about automatic information report in regards with international agreement (AEOI International).

 
  • 46 views