Indonesia’s finance ministry has introduced a revised taxation framework for the crypto asset industry, effective August 1. The new regulations increase income tax on crypto asset sales from 0.1% to 0.21% for transactions on domestic exchanges. Notably, the taxation on sales made through foreign exchanges has surged from 0.2% to 1%. Additionally, the VAT for crypto miners has been raised from 1.1% to 2.2%. The previous 0.1% special income tax rate on mining has been removed, requiring miners to pay either personal or corporate income taxes starting in 2026. The changes aim to provide legal certainty for crypto trading and adapt tax provisions to evolving market conditions, as emphasized by Finance Minister Sri Mulyani Indrawati.

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