THE CLOSING OF CREDIT CARD MULTIPLIES DUE TO DIRECTORATE GENERAL OF TAXATION?

In the first quarter of 2016, all the banks released the phenomenon of credit card closing. The customers terminated the loans increased 3 times more than in the same period of last year.
it is assessed that the customers decision to close credit card due to the recent policy of obliging the banks to list the credit card user id for tax potential assessment.

According to head of consumers card bank of central asia,  santoso admitted the impact of goverment policy for the consumer to open and close the credit cards. They are much worried of being monitored by tax directorate thus the potential customers of credit card are much hesitate to use these bank products. Moreover, some don't know really the right use of credit cards, while other opt to decrease the limit of credit card to lower range.

In addition, there are also customers who put the brakes on credit card transaction volume."There was a decrease (volume transaction value) is almost 15 percent. The average transaction value of Rp 4.6 trillion to Rp 4.1 trillion to Rp 4.2 trillion per month," said Santoso.

The rule stated in PMK No. 39 / PMK.03 / 2016 on Breakdown of Data and Information Taxation and Procedures for Submission. This rule was signed by Finance Minister Bambang Brojonegoro on March 22, 2016.In that rule, 23 banks and credit card issuers are required to report the transaction data of credit card customers.

The minimal data reported are account number credit cards, ID and the name of the merchant, name and address of the owner of the card, National ID / passport number, taxpayer identification number (TIN), in the bill, the date of the transaction, the details and value of transactions, also credit limit.