The Ministry of Finance has issued Minister of Finance Regulation (Peraturan Menteri Keuangan/PMK) Number 108 of 2025 concerning Procedures for Access to Financial Information for Tax Purposes. The regulation reinforces Indonesia’s framework for financial information reporting and exchange in the tax sector, including cryptoasset-related information, as part of its commitment to international tax cooperation.
PMK Number 108 of 2025 was issued in conjunction with the signing of the Addendum to the Multilateral Competent Authority Agreement (MCAA) and the MCAA on the Automatic Exchange of Information under the Cryptoasset Reporting Framework (CARF). These agreements reaffirm Indonesia’s commitment to implementing the automatic exchange of information on financial accounts and cryptoassets in line with international standards.
PMK Number 108 of 2025 was enacted on December 29, 2025, and took effect on January 1, 2026, replacing PMK Number 70/PMK.03/2017 and its subsequent amendments. According to the government, the previous provisions were no longer adequate to address developments in international standards, particularly regarding transparency and access to information on cryptoassets.
The issuance of PMK Number 108 of 2025 is grounded in the amendments to the Common Reporting Standard (CRS) and the implementation of CARF. While CRS serves as the global standard for the automatic exchange of financial account information, CARF extends the scope of information exchange to include cryptoassets relevant to cross-border tax purposes.
Under this regulation, the Directorate General of Taxes is authorized to access taxpayer financial data from financial institutions and cryptoasset service providers (CASPs) with CARF reporting status.
Financial institutions and CASPs are required to conduct due diligence on new cryptoasset users starting January 1, 2026. The collected information covers taxpayer details, tax identification numbers, transaction data, and end-of-period balances.
Overall, the regulations on the exchange of tax information relating to cryptoassets intend to increase transparency, close opportunities for tax evasion, and improve tax compliance and enforcement. The incorporation of CRS and CARF into domestic law further reinforces Indonesia’s system for accessing and exchanging financial information, both for conventional financial accounts and cryptoassets.
