Indonesia will increase taxes on crypto trades and remove VAT for buyers starting August 2025.
Indonesia will increase taxes on cryptocurrency transactions starting 1 August 2025 under new regulations issued by the Ministry of Finance. The move aims to tighten oversight and bring crypto more in line with financial sector regulations.
Sellers on domestic exchanges will face a higher tax rate of 0.21% (up from 0.1%), while those using overseas platforms will be taxed at 1% (up from 0.2%). VAT on crypto purchases will be removed, eliminating the previous 0.11–0.22% levy for buyers.
For crypto mining, VAT will double from 1.1% to 2.2%. A 0.1% special income tax on mining income will be scrapped in 2026, with earnings to be taxed under normal personal or corporate income tax rules.
“We also emphasise the importance of strengthening oversight and tax enforcement on crypto asset transactions conducted through foreign platforms,” Tokocrypto said.
These changes reflect Indonesia’s shift to classify crypto assets as financial instruments, moving oversight from the commodities regulator (Bappebti) to the Financial Services Authority (OJK). The crypto market in Indonesia saw over 20 million users and transactions worth IDR 650 trillion (about USD 40 billion) in 2024.
