Indonesia tightens cryptographic taxes. From August 1, the new rules will increase taxes on the cryptography professions, especially on those who use foreign platforms. This decision highlights the government’s intention to seize a larger share of revenue from a booming sector which now has more than 20 million users, exceeding the country’s traditional stock market investors.
New prices target offshore activity
Sellers negotiated on national scholarships will now pay a 0.21% tax on the value of the transaction, compared to 0.1%. But the biggest change hits players abroad; Those who are negotiating in foreign scholarships will see their tax rate drop from 0.2% to a sharp drop of 1%.
In order to simplify national participation, the government has abandoned the value added tax (VAT) for buyers. Previously, buyers paid between 0.11% and 0.22% VAT depending on the nature of the assets.
Meanwhile, the exploitation of crypto was also trained in the overhaul. VAT on mining activities doubled from 1.1% to 2.2%. In addition, a special income tax of 0.1% on mining was abolished. From 2026, minors will rather be taxed under personal tax tranches or standard companies.
Read also: adoption report of the global crypto 2025
Industry reaction: mixed but full of hope
Tokocrypto, an exchange supported by binaries operating in Indonesia, cautiously welcomed the new policy. The company said that the change in regulation reflects a broader reclassification of the crypto of basic status to a class of financial assets. However, he urged the government to provide a transition period for at least a month to allow companies to adapt.
In a press release, Tokocrypto also underlined the need for better tax application on foreign exchanges and proposed budgetary incentives to balance what it has described as a relatively high tax burden, in particular in relation to the equity actions tax.
The Indonesia cryptography market has experienced explosive growth, the total value of transactions tripling in 2024 to more than $ 39 billion. The latest tax measures mark an important step in the country’s efforts to formalize and regulate its landscape of expanding digital assets, while also aiming to level the rules of the game between local and global platforms.
