Indonesia's Ministry of Finance plans to increase taxes on crypto transactions effective August 1, 2025. Sellers using domestic exchanges will face a tax rate of 0.21% on transaction value, up from the previous 0.1%. Those using overseas exchanges will see their taxes rise to 1% from 0.2%. However, the new rules will eliminate the value-added tax (VAT) for crypto buyers. The move comes in response to a tripling in the total transaction value of cryptocurrencies on Indonesian exchanges, reaching 650 trillion rupiah (approximately $39.5 billion) in 2024. Approximately 20 million people engaged with these exchanges last year. Indonesia began regulating its crypto exchanges following the 2019 legislation, which included the tax rate adjustments and the reduction of VAT from 2.2% to 1.1%.

Source 🔗