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Indonesia Overhauls Crypto Tax Regime With Higher Levies Starting August 1

The overhaul is designed to capture revenue from booming digital trading by shifting activity toward domestic exchanges.

Representations of cryptocurrency Bitcoin are placed on a PC motherboard, in this illustration taken June 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
Indonesia
Indonesia to double crypto transaction taxes, scrap VAT for buyers starting August 1
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Overview

  • Sellers on domestic platforms will face a 0.21% transaction tax from August 1, up from the previous 0.1%.
  • Trades on offshore exchanges will incur a 1% levy, a significant increase from the current 0.2% rate.
  • Crypto buyers will be exempt from value-added tax on purchases, eliminating the previous 0.11–0.22% charge.
  • VAT on crypto mining will double to 2.2% and a 0.1% special mining income tax will be phased out in favor of standard rates from 2026.
  • The reforms follow crypto’s reclassification as financial assets and reflect a market surge that pushed trading volumes past 650 trillion rupiah in 2024.