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ADMINISTRATION RELEASES REPORT FROM CRYPTO WORKING GROUP, WITH DETAILS ON A
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According to Reuters, Indonesia's Ministry of Finance has announced that starting August 1, the tax rate on #cryptocurrency transactions will be raised, with the rate for sellers on domestic platforms increasing from 0.1% to 0.21%, and the rate for sellers on overseas platforms rising from 0.2% to 1%. The value-added tax (VAT) on cryptocurrency mining will also increase from 1.1% to 2.2%.
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