TechFlow news, July 30 — According to Reuters, Indonesia's Ministry of Finance has issued new regulations to increase taxes on cryptocurrency transactions starting August 1, with a larger tax hike for transactions conducted through overseas exchanges.
Under the new rules, sellers conducting cryptocurrency transactions on domestic exchanges will be subject to a 0.21% transaction tax (previously 0.1%), while sellers using overseas exchanges will see their tax rate rise from 0.2% to 1%. At the same time, the new regulations eliminate the previous 0.11–0.22% value-added tax (VAT) obligation for buyers.
In addition, the VAT rate for cryptocurrency mining will increase from 1.1% to 2.2%. Starting in 2026, income from cryptocurrency mining will no longer qualify for the preferential 0.1% income tax rate and will instead be taxed under standard personal or corporate income tax rates.
Data shows that Indonesia’s total cryptocurrency transaction volume reached 650 trillion Indonesian rupiah (approximately USD 39.67 billion) in 2024, tripling compared to the previous year. The number of users registered with cryptocurrency exchanges in the country exceeds 20 million, surpassing the number of stock market investors.
