Indonesia will sharply increase taxes on cryptocurrency transactions from 1 August under a finance-ministry regulation published on 30 July. Sellers on domestic exchanges will pay a 0.21% levy on each trade, more than double the current 0.1%, while those using overseas platforms face a five-fold jump to 1%.
The overhaul also abolishes value-added tax for buyers, removes a preferential 0.1% income-tax rate for crypto mining from 2026, and doubles the VAT on mining services to 2.2%. The measures accompany the reclassification of digital assets as financial instruments overseen by the Financial Services Authority, replacing their previous treatment as commodities.
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