System for Submitting Financial Information Reports

Oct 13, 2025 by leolavanderia.com.br 121 views

Juridical Analysis Opening Access to Customer or Taxpayer Data Financial Information for Taxation purposes

In recent years, the Indonesian government has taken significant steps to enhance transparency and accountability in taxation. One of the key measures is the ratification of Law Number 9 of 2017 relating to Government Regulation in Lieu of Law (Perpu) Number 1 of 2017 concerning Access to Financial Information for Taxation purposes. This law has far-reaching implications for the banking sector, taxpayers, and the government. In this article, we will delve into the juridical analysis of opening access to customer or taxpayer data financial information for taxation purposes.

The issue of taxation and confidentiality of bank-related data is a complex one. Prior to the enactment of Law No. 9 of 2017, various laws such as the Banking Law, the Sharia Banking Law, the Capital Market Law, and the General Provisions Law and the Taxation Procedures regulated the confidentiality of bank customer data. However, with the issuance of this law, the confidentiality of bank customer data was canceled, allowing the Directorate General of Taxes (DG Tax) to access customer financial information.

The Impact of Law No. 9 of 2017 on Bank Confidentiality

The cancellation of bank customer data confidentiality has significant implications for the banking sector. Financial institutions are now required to submit financial information reports in accordance with the format set by relevant regulations. This creates new obligations for financial institutions to be transparent in reporting customer financial data to the Directorate General of Taxes. The reporting of customer financial data is a critical aspect of taxation, as it enables the government to monitor and evaluate taxpayer compliance.

System for Submitting Financial Information Reports

The system of submitting financial information reports is a crucial aspect of the taxation process. UU no. 9 of 2017 stipulates that financial institutions are required to submit reports in the format contained in the appendix g of the Director General of Tax Regulation Number PER-04/PJ/2018. This process aims to facilitate the Directorate General of Taxes in supervising and evaluating the taxation obligations of each customer. The submission of financial information reports is a critical step in ensuring taxpayer compliance and maximizing state revenue.

The Role of Financial Institutions in Taxation

Financial institutions play a vital role in the taxation process. As reporters, they are responsible for submitting financial information reports to the Directorate General of Taxes. This requires financial institutions to maintain accurate and up-to-date records of customer financial transactions. The accuracy of financial information reports is critical in ensuring that taxpayers are held accountable for their taxation obligations.

Legal Consequences on Opening Access to Information

The legal consequences of opening access to financial information are significant. With the enactment of Law No. 9 of 2017, taxpayers who do not meet their obligations can be subject to sanctions. This law provides instruments for the government to pursue taxes from taxpayers who violate taxation provisions. Considering that taxes are one of the main sources of state income, opening access to this information can increase taxpayer compliance and maximize their contribution to state development.

The Importance of Taxpayer Compliance

Taxpayer compliance is critical in ensuring that the government meets its revenue targets. The submission of financial information reports by financial institutions is a critical step in ensuring that taxpayers are held accountable for their taxation obligations. The accuracy of financial information reports is essential in ensuring that taxpayers are not under or over- taxed.

In conclusion, the juridical analysis of opening access to customer or taxpayer data financial information for taxation purposes has significant implications for the banking sector, taxpayers, and the government. The cancellation of bank customer data confidentiality has created new obligations for financial institutions to be transparent in reporting customer financial data to the Directorate General of Taxes. The submission of financial information reports is a critical step in ensuring taxpayer compliance and maximizing state revenue. Therefore, it is essential for all parties to understand and carry out the provisions stipulated in this law for the achievement of justice and openness in taxation.

Based on the analysis above, the following recommendations are made:

Financial institutions should maintain accurate and up-to-date records of customer financial transactions.
Financial institutions should submit financial information reports in accordance with the format set by relevant regulations.
The Directorate General of Taxes should ensure that financial information reports are accurate and up-to-date.
Taxpayers should be aware of their taxation obligations and submit financial information reports as required.

By implementing these recommendations, the government can ensure that taxpayers are held accountable for their taxation obligations and that the taxation system is transparent and accountable.
Frequently Asked Questions (FAQs) on Juridical Analysis Opening Access to Customer or Taxpayer Data Financial Information for Taxation purposes

Q: What is the purpose of Law No. 9 of 2017 relating to Government Regulation in Lieu of Law (Perpu) Number 1 of 2017 concerning Access to Financial Information for Taxation purposes?

A: The purpose of this law is to enhance transparency and accountability in taxation by allowing the Directorate General of Taxes (DG Tax) to access customer financial information from financial institutions.

Q: What are the implications of the cancellation of bank customer data confidentiality?

A: The cancellation of bank customer data confidentiality has created new obligations for financial institutions to be transparent in reporting customer financial data to the Directorate General of Taxes. This requires financial institutions to maintain accurate and up-to-date records of customer financial transactions.

Q: What is the role of financial institutions in taxation?

A: Financial institutions play a vital role in the taxation process as reporters. They are responsible for submitting financial information reports to the Directorate General of Taxes in accordance with the format set by relevant regulations.

Q: What are the legal consequences of opening access to financial information?

A: The legal consequences of opening access to financial information are significant. Taxpayers who do not meet their obligations can be subject to sanctions. This law provides instruments for the government to pursue taxes from taxpayers who violate taxation provisions.

Q: Why is taxpayer compliance important?

A: Taxpayer compliance is critical in ensuring that the government meets its revenue targets. The submission of financial information reports by financial institutions is a critical step in ensuring that taxpayers are held accountable for their taxation obligations.

Q: What are the benefits of opening access to financial information?

A: The benefits of opening access to financial information include increased taxpayer compliance, maximization of state revenue, and enhanced transparency and accountability in taxation.

Q: What are the challenges of implementing Law No. 9 of 2017?

A: The challenges of implementing Law No. 9 of 2017 include ensuring the accuracy and up-to-dateness of financial information reports, maintaining the confidentiality of customer financial data, and ensuring that taxpayers are aware of their taxation obligations.

Q: What is the significance of the Director General of Tax Regulation Number PER-04/PJ/2018?

A: The Director General of Tax Regulation Number PER-04/PJ/2018 sets the format for financial information reports that financial institutions must submit to the Directorate General of Taxes. This regulation aims to facilitate the Directorate General of Taxes in supervising and evaluating the taxation obligations of each customer.

Q: What are the recommendations for implementing Law No. 9 of 2017?

A: The recommendations for implementing Law No. 9 of 2017 include:

Financial institutions should maintain accurate and up-to-date records of customer financial transactions.
Financial institutions should submit financial information reports in accordance with the format set by relevant regulations.
The Directorate General of Taxes should ensure that financial information reports are accurate and up-to-date.
Taxpayers should be aware of their taxation obligations and submit financial information reports as required.

By implementing these recommendations, the government can ensure that taxpayers are held accountable for their taxation obligations and that the taxation system is transparent and accountable.