Indonesia Expands Tax Surveillance to Include E-Wallets and Digital Currency

Enhanced Financial Monitoring for Tax Compliance

Indonesia's Directorate General of Taxes (DJP) under the Ministry of Finance is set to broaden its financial information monitoring capabilities to include certain e-wallet products and central bank digital currency. This expansion is part of Indonesia's commitment to implementing the Automatic Exchange of Information on Financial Account (AEOI) as per the Common Reporting Standard (CRS).

Key Implementation Details

The new regulations, formalized through an announcement (No. PENG-3/PJ/2025) signed by Director General of Taxes Bimo Wijayanto on October 22, 2025, will begin data collection in 2026 and start exchanging information with partner countries/jurisdictions in 2027. This follows Indonesia's signing of the Addendum to the CRS Multilateral Competent Authority Agreement (MCAA) on November 19, 2024.

Implications for Financial Reporting

The expanded AEOI implementation marks a significant shift in Indonesia's tax compliance framework, moving beyond traditional bank account monitoring to include various digital financial instruments. This move is expected to enhance tax revenue collection and improve financial transparency in the country's growing digital economy.

International Cooperation

By adopting the CRS AEOI, Indonesia joins a global network of countries committed to automatic exchange of financial account information. This cooperation helps prevent tax evasion and ensures that financial information is reported accurately across borders.