Guidelines for the Registration of Financial-Service Institutions and the Submission of Reports Containing Financial Information

The Director General of Tax (“ Director General ”) has issued Regulation No. PER-04/PJ/2018 on Registration Procedures for Financial Institutions and the Automatic Submission of Reports Containing Financial Information (“ Regulation 4/2018 ”).Regulation 4/2018 was issued as an implementation of Ministry of Finance (“ Ministry ”) Regulation No. 70/PMK.03/2017 (“ Regulation 70/2017 ”) on Technical Guidelines for Access to Financial Information for Tax Purposes, [1] as amended by Ministry Regulation No. 73/PMK.03/2017 (“ Regulation 73/2017 ”). [2] In an effort to establish automated financial reports for financial-service institutions (“ FSI ”), Regulation 4/2018 sets out detailed provisions which pertain to the following matters: