Indonesia Slaps Heftier Crypto Taxes on Traders—Effective Tomorrow

Brace for impact, crypto traders. Indonesia's taxman just cranked up the heat—new rates kick in August 1st with zero grace period.

Why now? Jakarta's betting against retail FOMO. With global markets wobbling, they're squeezing extra revenue from the one asset class that won't stop pumping. Classic government play—punish the profitable to patch budget holes.

No numbers disclosed? Of course not. Why let pesky data get in the way of a good cash grab? Just know your trades are about to get taxed harder than a Bali beachside cocktail.

Pro tip: This is why decentralized exchanges exist. The bureaucrats always come for their cut—but they can't catch what they can't track.

Details of the Tax Regulation

In the updated system, the seller tax rate on domestic cryptocurrency exchanges will increase to 0.21%, effectively doubling from the previous 0.1%. For sellers on foreign crypto exchanges, the rate will escalate from 0.2% to 1%, marking a fivefold increase. Buyers, who previously faced a VAT range of 0.11% to 0.22%, will now be fully exempt. These regulations will take effect on August 1, 2025.

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As for cryptocurrency mining, VAT will be raised from 1.1% to 2.2%. Additionally, the 0.1% special income tax is set to be abolished in 2026, bringing miner incomes under the general income tax tier.

Potential Impact of New Rates on Investors and the Market

The sharp tax hike is not expected to deter international interest in the Indonesian market. OSL, based in Hong Kong, entered a deal in June 2025 to acquire 90% of a local cryptocurrency exchange operated by Evergreen Crest, an Indonesian firm, for $15 million.

In its submission to regulators, OSL emphasized Indonesia’s “young population, solid economic foundation, and rapidly increasing cryptocurrency adoption” as factors conducive to growth.