In October 2025, the Directorate General of Taxes (DGT) issued Announcement Number PENG-3/PJ/2025 regarding the implementation of amendments to the Common Reporting Standard (CRS), as part of efforts to improve access to financial information for tax purposes.
This move follows the OECD’s update to the global CRS framework. As a country committed to the Automatic Exchange of Information (AEOI) initiative, Indonesia is required to align its domestic regulations with these latest international standards.
Background of the CRS Amendment
The CRS amendments indicate the OECD’s ongoing effort to enhance cross-border financial information exchange standards and prevent tax evasion. To stay aligned, Indonesia must update Minister of Finance Regulation (Peraturan Menteri Keuangan/PMK) Number 70/PMK.03/2017, which currently serves as the legal basis for implementing the AEOI CRS.
Accordingly, the government is drafting a new regulation to replace the existing PMK and align it with the revised CRS provisions.
Changes and Expanded Scope of the 2025 CRS
1. Addition of New Reportable Financial Accounts
The scope of reportable accounts has been expanded to include:
- Specified electronic money products
- Central bank digital currencies
Arrangements to prevent duplicate reporting between AEOI CRS and the Crypto-Asset Reporting Framework (CARF)
2. Refinement of Reporting Requirements
Several updates have been made to strengthen the accuracy and clarity of financial reporting, including:
- Upgraded procedures for identifying financial accounts
- New categories of excluded accounts
- Additional required information, such as:
- Self-certification receipt status from account holders and controlling persons
- Role of equity interest holders in non-legal entity investment vehicles
- Classification of pre-existing and new accounts
- Types of reportable accounts
- Information on joint accounts
Details of controlling persons as part of mandatory reporting
3. Updated Reporting Format
The AEOI CRS reporting format has been revised to accommodate the new data requirements, in line with the Amended CRS XML Schema and User Guide for Tax Administrations issued by the OECD.
Government Objectives and Expectations
Through this amendment, the government requires Financial Service Institution (Lembaga Jasa Keuangan/LJK), other financial institutions, and relevant entities to have sufficient time to adjust their identification and reporting systems.
The goal is to ensure that the implementation of the amended CRS proceeds smoothly and in full compliance with international standards for the exchange of financial information.
Legal Basis
The following legal foundations support the implementation of the amended CRS:
- Law of the Republic of Indonesia Number 9 of 2017 concerning the Enactment of Government Regulation in Lieu of Law Number 1 of 2017 concerning Access to Financial Information for Taxation Purposes.
- PMK Number 47 of 2024, which serves as the third amendment to PMK Number 70/PMK.03/2017, in alignment with the updated CRS provisions.
The 2025 CRS Amendment underscores Indonesia’s continued commitment to promoting global tax transparency. With an expanded reporting scope and updated data format, financial institutions are expected to be better equipped to implement the AEOI in line with OECD standards.
The 2025 CRS Amendment has raised questions about its changes and implications. To shed light on these updates, Ideatax has compiled a list of essential questions and answers below.
What is the Common Reporting Standard (CRS)?
The CRS is a global framework developed by the Organisation for Economic Co-operation and Development (OECD) to facilitate the automatic exchange of financial account information (AEOI) between participating jurisdictions.
Why was the CRS amended in Indonesia in 2025?
The amendment was made to reflect the OECD’s global update to CRS rules. As a participant in the AEOI initiative, Indonesia must revise its domestic regulations to align with the amended CRS framework.
Why was the CRS amended in Indonesia in 2025?
Once the new PMK replacing PMK 70/PMK.03/2017 is issued, the government will introduce a transition period to allow financial institutions to adapt their reporting systems. Full implementation of the amended CRS is expected to begin after 2025, following system readiness and technical guidance from the DGT.
