IDEAS home Printed from https://ideas.repec.org/a/idn/jclijn/v4y2025i1fp141-180.html
   My bibliography  Save this article

Comparative Analysis Of Cbdc And Tax Law Enforcement In Selected Countries

Author

Listed:
  • Ressita Ramadhani

    (KDI School of Public Policy and Management)

  • Zakka Farisy

    (Korea University)

  • Dina Silvia Puteri

    (Tilburg University)

Abstract

This study explores the prospective Central Bank Digital Currency (CBDC) transactions whilst implementing the Automatic Exchange of Information (AEOI) procedures as part of tax law enforcement in Indonesia. The study seeks to address the challenges and opportunities associated with AEOI within a CBDC framework, considering their potential impact on financial transparency, data privacy, and regulatory compliance. Through normative research, comprehensively reviewing relevant literature and policy analysis, the study identifies best practices from other countries, including ASEAN, East Asia, Oceania, The Bahamas, and Sweden, and it aims to develop recommendations for designing an efficient and secure AEOI framework for CBDC transactions in Indonesia. The findings of this study are derived from lessons learnt from selected countries regarding AEOI practices: Australia, Brunei Darussalam, China, Japan, South Korea, Malaysia, New Zealand, and Singapore. Additionally, Sweden and the Bahamas provide aspirational benchmarks for CBDC implementation while simultaneously implementing AEOI. Recommendations are also generated to improve Indonesia’s CBDC and AEOI implementation progress.

Suggested Citation

  • Ressita Ramadhani & Zakka Farisy & Dina Silvia Puteri, 2025. "Comparative Analysis Of Cbdc And Tax Law Enforcement In Selected Countries," Journal of Central Banking Law and Institutions, Bank Indonesia, vol. 4(1), pages 141-180, January.
    • Handle: RePEc:idn:jclijn:v:4:y:2025:i:1f:p:141-180
    DOI: https://doi.org/10.21098/jcli.v4i1.275
    as

    Download full text from publisher

    File URL: https://jcli-bi.org/index.php/jcli/article/view/275/76
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.21098/jcli.v4i1.275?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idn:jclijn:v:4:y:2025:i:1f:p:141-180. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sudiro Pambudi or R. Dwi Tjahja Kusumo Wardhono (email available below). General contact details of provider: https://edirc.repec.org/data/bigovid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.