Disclosure of Financial Information for Tax Purposes

As a member to the Global Forum on Transparency and Exchange of Information for Tax Purposes, [1] Indonesia is required to enact a law before 30 June 2017 which implements its commitment to automatic exchanges of financial account information (AEoI) for tax purposes. With this goal in mind, the government has finally enacted Government Regulation in Lieu of Law No. 1 of 2017 on Access to Financial Information for Tax Purposes (“Perppu 1/2017”). [2] In essence, Perppu 1/2017 sets out a legal framework for the implementation of the abovementioned commitment, and therefore addresses the following areas: