🇮🇩 Indonesia Tax Changes Set the Stage for a New Crypto Era
Starting August 1, 2025, Indonesia has restructured its crypto taxation system—redefining digital assets as financial securities and transferring oversight to the Financial Services Authority (OJK).
🔍 Key Highlights:
Sales Tax: Domestic crypto sellers now face a 0.21% income tax, while foreign platform users are taxed 1%.
No VAT on Purchases: Buying crypto is now VAT-free, encouraging greater user participation.
Mining Update: VAT on mining has doubled to 2.2%, while the special 0.1% mining tax will phase out in 2026.
💡 What This Means:
Local platforms like Tokocrypto and Indodax stand to benefit from favorable tax conditions.
Foreign exchanges may see reduced activity due to higher tax burdens.
Clarity for investors, as crypto aligns with capital market regulations.
📊 Bottom Line:
Indonesia is taking bold steps to legitimize and grow its crypto market. These reforms aim to build trust, support local innovation, and bring digital assets into the mainstream financial system.