Indonesia Expands Tax Reporting: What It Means for e-Wallet Users

New Tax Regulations Coming 2026

Indonesia's Directorate General of Taxes (DJP) is set to implement new tax reporting regulations starting 2026, expanding their access to financial information including e-wallet transactions. The new rules, based on international standards such as Common Reporting Standard (CRS) and Crypto-Asset Reporting Framework (CARF), require financial institutions and cryptocurrency service providers to automatically report financial information to tax authorities.

Key Features of the New Regulations

1. Expanded Information Access: DJP will receive automatic financial information reporting
2. International Alignment: Regulations follow OECD guidelines for global tax reporting
3. Automatic Information Exchange: Indonesia will exchange financial information with other jurisdictions annually starting 2027 for the 2026 data
4. Thresholds for Reporting: Domestic reporting threshold set at Rp 1 billion, with global exchange threshold at approximately Rp 167 million (USD 10,000 at Rp 16,700 exchange rate)

Impact on e-Wallet Users

While the new regulations create a broader tax reporting framework, most e-wallet users remain unaffected due to existing limits. Bank Indonesia's current regulation limits e-wallet balances to a maximum of Rp 20 million, well below the Rp 1 billion domestic reporting threshold. According to DJP, e-wallets within this limit are exempt from routine reporting.

Implementation Timeline

• 2026: New regulations come into effect
• 2027: First automatic information exchange for 2026 data
• Ongoing: Annual reporting and information exchange

Implications for Financial Institutions

Financial institutions, including e-wallet providers and cryptocurrency service providers, must comply with the new reporting requirements. They are required to:

1. Provide automatic financial information reporting
2. Share information upon request from tax authorities
3. Comply with both domestic reporting thresholds and international exchange requirements

The new regulations represent Indonesia's commitment to international tax reporting standards while considering local financial practices.