Indonesia Don Set 0.21% Crypto Tax for Domestic Trades, 1% for International
Indonesia go change how dem dey tax crypto from August 1, 2025, to increase di crypto transaction tax for local trading to 0.21% and for foreign platforms to 1%. VAT on mining profit go double to 2.2%, but buyers for transactions no go pay VAT. From 2026, mining income go carry normal personal or corporate tax rates instead of di current 0.1% special mining tax. Regulatory control go shift from commodity regulator Bappebti to Financial Services Authority (OJK), as Jakarta wan strengthen crypto regulation and market transparency to follow global trend. Onshore crypto turnover reach IDR 650 trillion (USD 40 billion) for 2024, e rise 336% from last year, with over 20 million users on local exchanges. Traders and miners gats update their record-keeping and tax reporting system, considering small increase in trading cost. Di industry dey beg for one-month grace period to adjust, and dey expect further guidance from Directorate General of Taxes before deadline.
Neutral
For short-term, higher crypto tax rates and increase for VAT fit make trading costs rise and reduce small traders volume, e go cause small selling pressure. But to shift to better oversight under OJK and to remove special mining levies na sign say regulators dey serious and fit attract big money investors over time. This balancing between slight increase for cost and better market transparency mean say e get neutral net effect on crypto price trend.