Overview

• Sellers on domestic exchanges will incur a 0.21% levy and those on foreign platforms a 1% levy on each transaction starting August 1.
• Purchases of cryptocurrencies will no longer attract value added tax under the new regulation.
• Crypto mining operations face a VAT increase to 2.2%, and a 0.1% special mining tax will be removed in 2026 in favor of standard income rates.
• Binance-backed Tokocrypto welcomed the overhaul and urged a one-month grace period for firms to adjust while calling for tougher cross-border tax enforcement.
• The overhaul responds to 2024’s surge in crypto trading, when volumes topped 650 trillion rupiah and exchange users exceeded 20 million.