TechFlow, August 1 — Data from Indonesia's Directorate General of Taxes shows that the country's annual cryptocurrency tax revenue fluctuates between 50 billion and 60 billion Indonesian rupiah (approximately $31.25 million to $36.4 million). Specifically, the initial collection in 2022 reached 24.6 billion rupiah, decreased to 22 billion rupiah in 2023, rose significantly to 62 billion rupiah in 2024, and as of 2025, has already collected 11.5 billion rupiah.
The Indonesian government has recently adjusted its cryptocurrency regulatory policies, increasing the tax rate for foreign cryptocurrency platforms to 1%, while domestic platforms face a lower increase to only 0.21%. Additionally, the government has eliminated value-added tax (VAT) on cryptocurrency buyers and reclassified crypto assets as financial assets, bringing them under the supervision of the Financial Services Authority.
Currently, Indonesia's cryptocurrency user base exceeds 20 million, surpassing the number of stock market investors in the country. Tax authorities note that cryptocurrency price volatility may impact future tax revenues.
