Indonesia Slaps Higher Crypto Taxes Amid Regulatory Crackdown

From August 1, Indonesia raised crypto transaction tax to 0.21% for domestic and 1% for foreign platforms. VAT on mining doubled to 2.2%. Buyers’ VAT removed, and 2026 introduces income tax on mining profits. With 20M crypto users in the country, the move recategorizes tokens as financial assets—not commodities. Tokocrypto supports the regulation but urged for implementation grace and innovation incentives.

Opinion: This is a sophisticated move legitimizing crypto—balancing revenues with financial oversight.

❓Could Indian regulators follow suit?

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