Indonesia’s Finance Ministry has rolled out a revised crypto taxation framework, effective August 1, with key changes targeting sellers and miners:
- Domestic exchange sellers: Tax rate doubles to 0.21%.
- Foreign exchange sellers: Rate surges fivefold to 1%.
- Buyers exempt from VAT, previously 0.11%-0.22%.
- Mining operations: VAT rises to 2.2%, and a preferential 0.1% income tax will be scrapped in 2026.
The policy shift aims to increase government revenue while discouraging reliance on foreign trading platforms.
