Updated Mechanism for the Exchange of Financial Information for Taxation

The Directorate General of Tax (Direktorat Jenderal Pajak– “ DJP ”) is currently in the process of updating the provisions in Regulation of the Minister of Finance No. 70 of 2017 on Technical Guidelines for Access to Financial Information for Taxation Purposes (“ PMK 70/2017 ”), as last amended by Regulation of the Minister of Finance No. 47 of 2024 (collectively referred to as “ PMK 70/2017 ”). These regulatory adjustments are being undertaken to support fiscal management in an increasingly complex digital era.

“Harmonization is currently underway regarding the update of the technical guidelines so that they align with supervisory needs and fiscal transparency,” said Rosmauli, Director of Counseling, Services, and Public Relations of the DJP at the Ministry of Finance, to Hukumonline.

The provisions currently being refined regulate the procedures for utilizing financial information for the purposes of supervision, audit, and enforcement of tax regulations, including the mechanisms for access, exchange, and submission of financial data relevant to taxation.