Indonesia has announced a major overhaul of its crypto tax policy, targeting local traders, miners, and especially foreign exchanges with increased levies. The new regulations, effective August 1, come from the Ministry of Finance under rules No. 50/2025 and No. 53/2025.

The income tax on crypto sales conducted through domestic exchanges has more than doubled, jumping from 0.1% to 0.21%. For transactions made via foreign crypto exchanges, the rate has surged from 0.2% to a hefty 1%, according to Reuters. This marks one of the most aggressive crypto tax hikes in Southeast Asia.

Crypto miners are also facing steeper costs. The value-added tax (VAT) on mining activities has increased from 1.1% to 2.2%. Additionally, a previous 0.1% special income tax for miners has been scrapped. Starting in 2026, miners will be subject to standard personal or corporate income tax rates.

The regulations clarify that registered crypto miners are now treated as retail trader entrepreneurs for taxation purposes. Those who fail to meet compliance requirements will face legal penalties under Indonesia’s tax law.

In a partial relief for investors, crypto buyers are now exempt from VAT. Previously, they were charged VAT between 0.11% and 0.22%. Transfers of crypto assets that are “equated to securities” are also excluded from VAT under the updated rules.

Finance Minister Sri Mulyani Indrawati said the adjustments were made to ensure legal clarity and adapt to the evolving nature of crypto asset trading. By removing VAT on certain transactions and increasing compliance requirements elsewhere, the government aims to better regulate the industry while boosting tax revenue.