🇮🇩 Indonesia Shakes Up Crypto Taxes! What You Need to Know 🚀
Big news for crypto enthusiasts in Indonesia! A new regulation from the Ministry of Finance, effective today, August 1, 2025, is shaking up the crypto landscape.
Here's what you need to know:
- VAT removed for buyers: The previous Value Added Tax (VAT) on crypto asset sales has been abolished, which could make trading more affordable and accessible for many.
- Higher taxes on overseas exchanges: The transaction tax for selling on foreign crypto exchanges has increased to 1%, up from 0.2%. The tax for domestic exchanges has also risen, but by a much smaller margin. This is a clear move to incentivize the use of local, regulated platforms.
- New rules for miners: VAT on crypto mining services has doubled to 2.2%. However, the special income tax for miners will be phased out next year, with income from mining being taxed under standard income tax rules.
These changes reflect Indonesia's move to reclassify crypto assets from commodities to financial instruments, bringing them under the supervision of the Financial Services Authority (OJK) and aligning them with the broader financial ecosystem.
This signals a maturing market with a focus on regulation and long-term stability.
What do you think of Indonesia's new crypto tax framework? Let me know in the comments!
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