Exchangers Must Now Request Self-Certification from Crypto Asset User
JAKARTA, DDTCNews – The Directorate General of Taxes (DGT) has made it mandatory for crypto-asset reporting framework (CARF) reporting crypto asset service providers (penyedia jasa aset kripto/PJAK in Indonesian) to request a valid self-certification from crypto asset users. This topic is among the reviews featured in the national media today, Thursday (20/8/2026).
This obligation forms part of the implementation of procedures for the identification of financial accounts (due diligence) pursuant to CARF provisions as regulated under Minister of Finance Regulation (MoF Reg.) 108/2025.
"A CARF Reporting PJAK is required to: submit reports on financial account information automatically in the form of relevant crypto-asset information; and implement procedures for the identification of financial accounts (due diligence) pursuant to the provisions on the CARF," the DGT stated in Announcement No. PENG-5/PJ/2026.
One stage of due diligence is conducted when a prospective user opens a crypto asset account. At that stage, the CARF Reporting PJAK must request a valid self-certification, prepared as a document separate from the account-opening documents.
The PJAK is also required to conduct clarification to ensure the reasonableness and validity of information in the self-certification. This process is conducted using information held or obtained by the CARF in relation to the account opening.
Information used to conduct clarification may include documentation obtained through anti-money laundering (AML) and know-your-customer (KYC) procedures.
Based on the results of the valid self-certification and the clarification, the CARF Reporting PJAK subsequently determines the country of domicile of the crypto asset user.
The DGT has affirmed that the valid self-certification must be administered, stored and maintained by the CARF Reporting PJAK.
The self-certification must be signed or provided through a solemn affirmation by the crypto asset user or their legal attorney. In addition, the document must be dated no later than the date on which the valid self-certification is obtained.
A valid self-certification must contain information as required under MoF Reg. 108/2025.
To support the implementation of this obligation, the DGT has also appended sample self-certification forms that may be used by CARF Reporting PJAKs. These forms are intended for prospective crypto asset users constituting individuals, entities or controlling persons of entities where the crypto asset user is an entity other than an active entity or an excluded entity.
The DGT has further requested that CARF Reporting PJAKs fulfil their obligations to request, clarify the reasonableness and validity of, document and maintain valid self-certification pursuant to MoF Reg. 108/2025.
These provisions form part of the implementation of the Access to Financial Information Law for tax purposes and the application of exchange of financial information standards under CARF.
In addition to this news, there is a review of the tax ratio, which is targeted to reach 12.45% by 2030. Furthermore, there is also discussion regarding the completion of deliberations on the Asset Confiscation Draft Law.
Below is a full review of the taxation articles.
Exchangers Must Identify Crypto Asset Account Holders
Article 25 paragraph (3) of MoF Reg. 108/2025 stipulates that CARF Reporting PJAKs are required to begin implementing crypto asset account identification procedures from 1 January 2026.
Identification is conducted with respect to both individual crypto asset users and entity crypto asset users, namely individuals and entities registered or identified as customers of CARF Reporting PJAKs.
For existing individual crypto asset users and existing entity crypto asset users, namely those that have been customers of CARF Reporting PJAKs since before 2026, identification must be completed no later than 31 December 2026. (DDTCNews)
Government Targets Tax Ratio of up to 12.45% by 2030
The government is endeavouring to keep tax buoyancy above 1 to increase the tax ratio gradually. According to the government, tax buoyancy above 1 is an indication of the effectiveness of the tax system in collecting tax revenues from economic growth.
"Tax revenues are sought to have an elasticity (tax buoyancy) above 1 as an indicator of the increasing effectiveness of the tax system in capturing economic growth as state revenues," the government stated in the financial note of the draft state budget (rancangan anggaran penerimaan dan belanja negara/RAPBN in Indonesian) 2027.
With tax buoyancy above 1, the tax ratio is expected to rise gradually and reach between 10.97% and 12.45% of GDP by 2030. (DDTCNews)
DGT: Stamp Forgery Causes Loss to the State and Public
The DGT and the Jakarta Metropolitan Regional Police (Polda Metro Jaya) have uncovered a network producing and distributing illegal stamps in DKI Jakarta, West Java, Central Java, East Java and North Sumatra. This network of producers and distributors of illegal stamps, comprising counterfeit or used stamps, was exposed following a joint investigation implemented from 24 June to 2 July 2026.
"The act of counterfeiting or misusing stamps not only causes a loss to state revenues, but also harms the public, because documents bearing illegal stamps will affect the legal certainty of those documents. Documents on which stamp duty has not been paid or has been underpaid cannot be used as evidence in litigation before the courts," said Director General of Taxes, Bimo Wijayanto.
This syndicate is known to have sold 4 million counterfeit stamps. This activity has caused a loss to state revenues valued at IDR40 billion. (DDTCNews, Media Indonesia)
Asset Confiscation Draft Law Targeted for Completion in 2026
Commission III of the House of Representatives (Dewan Perwakilan Rakyat/DPR in Indonesian) will complete deliberations on the Asset Confiscation Draft Law before December 2026.
Chairperson of House Commission III, Habiburokhman, stated that, to meet this deadline, the Commission will continue to hold public hearings whilst fulfilling the principle of meaningful participation in the drafting of the said Draft Law.
"We are targeting the Asset Confiscation Draft Law to be passed before December 2026, or at the latest within two parliamentary sessions," said Habiburokhman. (DDTCNews, CNBC Indonesia)
BI Rate Maintained at 5.75%
Bank Indonesia (BI) has again maintained its reference interest rate (BI Rate) at 5.75% in August 2026. The central bank also maintained the deposit facility rate at 4.75% and the lending facility rate at 6.5%.
Acting Governor of Bank Indonesia, Destry Damayanti, stated that this decision is aimed at strengthening the stability of the rupiah exchange rate. It also serves as a measure to keep inflation in 2026 and 2027 within the target range of 2.5% plus or minus 1% as set by the government.
"This decision remains consistent with efforts to strengthen the stability of the rupiah exchange rate against the impact of heightened global turbulence arising from the conflict in the Middle East," she said. (DDTCNews, Kontan, Bisnis Indonesia). (dik)
