DGT: Financial Institutions Are to Maintain Valid Self-Certification
JAKARTA, DDTCNews — The Directorate General of Taxes (DGT) has requested financial service institutions and other entities to fulfil their obligations regarding the request, reasonableness clarification and maintenance of valid self-certification.
Referring to DGT Announcement Number PENG-4/PJ/2026, valid self-certification is required to support the identification of financial accounts as set out in the Minister of Finance Regulation (MoF Reg.) 108/2025 and the common reporting standard (CRS).
"Pursuant to Article 12 paragraph (4) of MoF Reg. 108/2025, procedures for the identification of financial accounts ... are applied, among others, to new financial accounts, whereby CRS reporting financial institutions are required to request valid self-certification from prospective financial account holders, which constitutes a separate part of the financial account opening documents," reads PENG-4/PJ/2026, as cited on Wednesday (26/8/2026).
Moreover, financial institutions are also required to carry out a reasonableness clarification of the self-certification by reference to information obtained by the financial institutions.
Upon obtaining valid self-certification and the results of the reasonableness clarification, financial institutions are required to determine the country of domicile of the account holders.
"In connection with the implementation of the obligation to obtain valid self-certification, attached hereto are the sample self-certification forms that may be used by CRS reporting financial institutions and/or selling agents in implementing procedures for the identification of financial accounts for prospective financial account holders constituting individuals, entities or controlling persons of entities," reads PENG-4/PJ/2026.
There are 3 sample self-certification forms provided by the DGT in PENG-4/PJ/2026, namely individual tax residency self-certification, entity tax residency self-certification and controlling person tax residency self-certification.
Valid self-certification administered, retained and maintained by financial institutions must be signed and affirmed by the account holders or their attorneys.
Further, valid self-certification must be dated no later than the date on which the self-certification is obtained and must contain information stipulated under Article 13 paragraph (2) subparagraph c of MoF Reg. 108/2025.
"Thus, this announcement is submitted to be taken into account and implemented accordingly," reads PENG-4/PJ/2026. (dik)
