Domestic tax rises to 0.21%, offshore transactions taxed at 1% starting August
Indonesia will significantly raise taxes on cryptocurrency transactions starting August 1st, with domestic trades taxed at 0.21 percent and offshore transactions at one percent.
The overhaul is part of a broader effort to align with global standards, boost revenue, and regulate the country’s rapidly expanding digital asset market.
The move also includes a 2.2 percent value-added tax on crypto miners, while eliminating VAT for crypto buyers, signaling a pivot in regulatory strategy aimed at tightening oversight while supporting certain aspects of the industry.