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Tax office can peek at your bank account starting this month

  • Sep 14, 2018

The Finance Ministry’s Directorate General of Taxation can take a closer look at your bank accounts starting later this month, in line with the implementation of global standards set out in the Automatic Exchange of Information (AEOI) through the Common Transmission System (CTS).

Tax office spokesman Hestu Yoga Saksama said the AEOI was regulated in Law No. 9/2017 on the exchange of customer data, which, according to the tax office, could increase state revenue from individual income tax under articles 25 and 29.

READ THE ARTICLE by Jakarta Post

 

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