🇮🇩 Indonesia to raise crypto transaction taxes starting August 1:
• Tax on local exchange sellers: 0.21% (up from 0.1%)
• Tax on foreign exchange sellers: 1% (up from 0.2%)
• VAT on buyers scrapped
• Crypto mining VAT doubled to 2.2%
• Special mining income tax removed; standard income/corporate tax from 2026
🇮🇩 Indonesia recorded over $39B in crypto trades in 2024, triple the previous year! 📈
