Finance Ministry to Discuss Banking Data Access with OJK

The Finance Ministry and the Financial Service Authority (OJK) will discuss about Taxation Directorate General’s request of access to banking data to boost the state's tax revenue. 

Finance Minister Muhammad Chatib Basri claimed that the OJK has responded positively to the request. 

The Organization for Economic Cooperation and Development (OECD) will issue technical guidance relating to the access to banking data for taxation purpose.

Deputy Finance Minister Bambang Brodjoegoro considered that the technical guidance will encourage banks to provide the Taxation Directorate General with the access to minimize tax evasions.

However, the Indonesian Banks Association (Perbanas) rejected the idea as the organization believes that the access to the banking data is prone to be abused by irresponsible individuals.

Head of the Finance Ministry's fiscal policy division, Andin Hadiyanto, ensured that the banking data confidentiality will be guaranteed and will only be used for taxation purpose. 

He said that there will be procedures for tax officials in accessing the data.
"Not all tax officials will be given the access [to the banking data], and we will guarantee its confidentiality," said Andin.

Source : Tempo