Bank Accounts Can Be ‘Seen’ by Tax Officers

Many people are not yet aware that the Tax Directorate General has special authority to ‘seen’ at someone’s bank account. However, this cannot be done carelessly, there are provisions that must be met before carrying out the operation.

The Directorate General of Taxes authority can only carry out the operation if it has an interest in identifying accounts with a minimum balance of IDR 1 billion. This authority is legally assisted by the banking sector, as a process to identify the conformity between account balances and tax reporting.

The sanctions that will be received if the Taxpayer conspires to cover up the identification process. The Taxpayer will lose access to use banking services, both account opening and financial transactions.

Therefore, it is mandatory for us to report taxes according to the actual reality without committing any fraud.

This article is based on:
PERATURAN MENTERI KEUANGAN REPUBLIK INDONESIA NOMOR 19/PMK.03/2018, DATED 19 FEBRUARY 2018
PERATURAN MENTERI KEUANGAN REPUBLIK INDONESIA NOMOR 47 TAHUN 2024, DATED 18 JULY 2024

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