open bank account and crs form

Marcel123

Member
Joined
Aug 15, 2021
Messages
17
Morning guys

Just open a bank account and after I went back to my home they call me to come back .
They wanted me to fill in a crs form ,something about reporting tax to my home country.
Anyone had to do that before ?
 

Balifrog

Well-Known Member
Joined
Nov 28, 2017
Messages
920
Morning guys

Just open a bank account and after I went back to my home they call me to come back .
They wanted me to fill in a crs form ,something about reporting tax to my home country.
Anyone had to do that before ?
Are you US citizen ?
 

Marcel123

Member
Joined
Aug 15, 2021
Messages
17
Are you US citizen ?
No I'm not .There was a attachment with it wich include 110 countries.
They say it was for all those country not only the us.

I think its only for the US ,My country has a agrement for double taxation.
this was the first time they ask me this.
 

gemima

Well-Known Member
Cager
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Jul 25, 2016
Messages
490
No I'm not .There was a attachment with it wich include 110 countries.
They say it was for all those country not only the us.

I think its only for the US ,My country has a agrement for double taxation.
this was the first time they ask me this.
What bank was it?
 

Balifrog

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Joined
Nov 28, 2017
Messages
920
No I'm not .There was a attachment with it wich include 110 countries.
They say it was for all those country not only the us.

I think its only for the US ,My country has a agrement for double taxation.
this was the first time they ask me this.
There are indeed taxation agreements between many countries.
I mentioned the US because they are very zealous about tracking down any property or accounts their citizens have overseas.
At a point that certain banks don't like to open accounts for US citizens, as it involves a lot of paperwork and they are at risk of the US hitting them with one of their extra territorial laws and fines.
 

Helpful Herbert

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Joined
Mar 24, 2019
Messages
995
CRS covers 100+ countries. You can give the bank your tax identification number from your home country, and that should be enough (there is a form to fill in but they can fill in most of it for you). They are just doing this because the central bank has told them they have to.
 

Samoerai

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Joined
Jul 9, 2021
Messages
166
On this website is an article "E-Cash in Indonesia: Join the Cashless Revolution" it says "If you do not have an Indonesian bank account, you can use E-Cash apps as a cashless payment alternative. It is certainly more convenient and safer than carrying cash everywhere."

In the Netherlands as far as I know there are - for now - no such apps. For obvious reasons: the tax authority cannot track your money.

My question is: can you 'hide' your money from the Indonesian tax authority on apps like e.g. OVO? Say you put 10 juta per month on OVO. Will the Indonesian tax authority track your money on OVO?

Another question is: is it safe to put money on OVO? What about privacy? OVO can track all your 'movements', right?
 

dafluff

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Jul 13, 2016
Messages
4,618
On this website is an article "E-Cash in Indonesia: Join the Cashless Revolution" it says "If you do not have an Indonesian bank account, you can use E-Cash apps as a cashless payment alternative. It is certainly more convenient and safer than carrying cash everywhere."

In the Netherlands as far as I know there are - for now - no such apps. For obvious reasons: the tax authority cannot track your money.

My question is: can you 'hide' your money from the Indonesian tax authority on apps like e.g. OVO? Say you put 10 juta per month on OVO. Will the Indonesian tax authority track your money on OVO?

Another question is: is it safe to put money on OVO? What about privacy? OVO can track all your 'movements', right?

Regular OVO only allows a balance of Rp 2jt. You can upgrade to Premium (max balance 20jt) by submitting selfie + photo ID, as required by Bank Indonesia's requirement. I'm guessing at this point you become trackable by the tax office.

As for privacy: when it comes to personal data and Indonesia, assume at all times that you have zero privacy.
 

Samoerai

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Joined
Jul 9, 2021
Messages
166
Regular OVO only allows a balance of Rp 2jt. You can upgrade to Premium (max balance 20jt) by submitting selfie + photo ID, as required by Bank Indonesia's requirement. I'm guessing at this point you become trackable by the tax office.

As for privacy: when it comes to personal data and Indonesia, assume at all times that you have zero privacy.
Didn't know that, that's why I am asking. Is the money safe on OVO? Are there cases that money was stolen?
 

jstar

Mr. 10,000
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Jul 31, 2016
Messages
4,415
Is the money safe on OVO? Are there cases that money was stolen?
If there were, they didn’t communicate it.

The system works well and does not have many disadvantages, besides the fact you better make sure not to lose your phone and keep fingerprint / face recognition etc. active.

Now if you don’t have a connection (as so often in basements of shopping malls or large supermarkets) you‘re stuck. Often I need to activate the Hotspot on my phone since my Telkomsel has coverage but my wife’s IndoSat does not.

Besides OVO we use GoPay a lot. At restaurants, supermarkets, top up phone, online taxi, Grab and GoFood, pay PLN, …. Never any problems or issues with security. I think nowadays it’s difficult to get around without it.

Many supermarkets like Hypermart offer different discounts for the different systems. So it becomes; “okay I want to pay these 4 packs of milk with GoPay and these 2 with OVO”.
 

snpark

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Sep 30, 2016
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3,261
But how do you fund your OVO? From your bank account. From which they get your passport number, kitas, npwp etc
 

jstar

Mr. 10,000
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Jul 31, 2016
Messages
4,415
Ive never given an npwp number to either gopay or ovo. I dont think they can track well without that.
Obviously when the (use of) NIK will replace the NPWP (if that plan ever materializes) things will change.

But how do you fund your OVO? From your bank account. From which they get your passport number, kitas, npwp etc
You can top up both at Indomarket, Alfamart etc. With cash.
 

Ruserious

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Joined
Aug 31, 2016
Messages
533
Also i forget which one but i had trouble with them reading my id for one of them. Customer service told me to just use an Indonesian friends id......i did it then changed the name back after. Doesnt seem that secure to me.
 

jstar

Mr. 10,000
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Jul 31, 2016
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4,415
In practice my biggest issue with these electronic payment systems is that ‘over here’ (sorry for the borderline stigmatization) they can make a simple system complicated.

You‘d expect that it was efficient and that paying would go very fast. No way, if you buy one can of Coke Zero in an Alfamart it could take 5 minutes before you have paid and are out of the shop. Speed of the cashier’s system, employees not knowledgeable (training?) and a process with scanning barcodes and/or having to manually enter the total rupiah amount yourself don’t help.

I naively thought it would be faster than cash which can also be frustrating.
 

Samoerai

Well-Known Member
Joined
Jul 9, 2021
Messages
166
In practice my biggest issue with these electronic payment systems is that ‘over here’ (sorry for the borderline stigmatization) they can make a simple system complicated.

You‘d expect that it was efficient and that paying would go very fast. No way, if you buy one can of Coke Zero in an Alfamart it could take 5 minutes before you have paid and are out of the shop. Speed of the cashier’s system, employees not knowledgeable (training?) and a process with scanning barcodes and/or having to manually enter the total rupiah amount yourself don’t help.

I naively thought it would be faster than cash which can also be frustrating.
Yes. My frustration too at the supermarkets.
 

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