Legislation of Law Number 9/2017 as Indonesia's Commitment to Automatic Exchange of Financial Information and Comparison to Malaysia’s Commitment
Keywords:Legislation; Inland Revenue; AEoI; financial information; tax.
Taxpayer data and information of banking and finance institutions are useful for guidance in giving prediction on any kind of development. A corrective act must be taken as an effort of law enforcement within taxation sector and to increase the Inland Revenue. Financial information exchange concerning on tax interests can be done by both demand and automatic way (Automatic Exchange of Financial Account Information/AEol). This study aimed to know the urgency of Legislations of Law Number 9/2017 as the country allowance increasing effort and how Malaysia's Commitment to Implement Automatically Exchange Information Relating to Financial Accounts (AEoI). Using descriptive qualitative as the methodology, the result showed that Indonesia proved the commitment by signing Multilateral Competent Authority Agreement after AEoI and agreed to start the automatic financial information exchange. It has approved on the Legislation Number1/2017 on financial information access as tax interests which then changed to Legislation Number 9/2017 a year later. Meanwhile, in comparison, Malaysia’s commitment to the AEoI has signed some agreements and committed to exchange information with respect to different types of accounts opened and maintained by the Malaysian financial institutions.
Asshdidiqie, J. (2006). Hukum Tata Negara dan Pilar-Pilar Demokrasi (Serpihan Pemikiran Hukum, Media dan HAM), Konstitusi Press.
Darussalam, B., Bawono Kristiaji, and Deborah. (2014). Akses Data Perbankan untuk Tujuan Perpajakan: Keseimbangan antara Hak-Hak Wajib Pajak dan Penggalian Potensi Pajak – Studi Komparasi, Tax Law Design and Policy Series No 0514.
Djumhana, M. (2005). Rahasia Bank (Ketentuan dan Penerapannya) di Indonesia, Bandung: PT Citra Aditya Bakti.
Gill, J.B.S. (2003). The Nuts and Bolts of Revenue Administration Reform.
Hadjon, P.M. (1994). Ilmu Hukum Dogmatik (Normatif), Surabaya: Fakultas Hukum Universitas Airlangga.
Harjo, D. (2013). Perpajakan Indonesia, Jakarta:Mitra Wacana Media.
Hermansyah. (2004). Hukum Perbankan Nasional Indonesia, Jakarta: Kencana Prenada Media Group.
Isa, S.D. (1990). Pengantar Hukum Pajak, Bandung: Eresco.
Kasmir. (2006). Dasar‐Dasar Perbankan, edisi 1, Jakarta:PT. RajaGrafindo Persada.
Lukman, D. (2009). Manajemen Perbankan, Edisi kedua, Jakarta: Ghalia Indonesia.
OECD. (2000). Improving Access to Bank Information for Tax Purposes. OECD Publications Service, Paris, p.19.
Sjahdeini, S.R. (2005). Rahasia Bank: Berbagai Masalah Disekitarnya. This article has served as material discussion about legal issues concerning Bank Confidential Setting in Bank Indonesia. MH Thamrin Street Number 2, Jakarta. On Monday, 13rd, June 2005
Widiyono, T. (2006). Aspek Hukum Operasional Transaksi Produk Perbankan Di Indonesia, Bogor: Ghalia Indonesia.
https://www.gatra.com/, accessed on August 31st, 2018
http://finansial.bisnis.com/read/20170517/90/654427/, accessed on July 30th, 2018
https://www.bakermckenzie.com, accessed on July 30th, 2018
How to Cite
Authors who publish with this journal agree to the following terms:
1) Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
2) Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
3) Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.