The Nature of Legal Protection of Bank Customers in Reporting Financial Information for Taxation Purposes

Abstract

This research is motivated by the existence of automatic financial information reports regulations as part of bank secrecy, which causes disharmony between laws and regulations of banking, automatic financial information reports and taxation sectors. This research is aimed at discovering and analyzing bank customer legal protection of financial Information Reporting for Taxation sector. The research applies normative juridical research with various approaches, namely the statutory approach, case approach, conceptual approach, and historical approach. The sources of legal materials used consist of primary legal materials, secondary legal materials and non-legal legal materials. This study found that the essence of legal protection in reporting financial information in the field of taxation is the existence of legal protection related to the security of financial information as the bank secret contrary to the principle of legal protection for bank customers, there is no legal certainty about the limits of bank secrecy which should essentially be kept secret without exception. The nature of the legal protection of bank customers should be able to provide guarantees of certainty, justice and benefits for bank customers. The implementation of financial information reporting is not in accordance with the principle of legal protection of bank customer.

Keywords: bank customers, bank secrecy, financial information reporting, the nature of legal protection

DOI: 10.7176/JLPG/125-02

Publication date:October 31^st 2022