Indonesia Imposes Higher Crypto Taxes Effective August 1st

Indonesia's Ministry of Finance announced a significant increase in cryptocurrency transaction taxes, set to take effect on August 1, 2025. Domestic exchange sellers will face a doubled rate of 0.21%, while foreign platform sellers see a fivefold jump to 1%. Buyers, previously subject to VAT, gain full exemption—a move that may reshape trading strategies across Southeast Asia's largest crypto market.

The tax overhaul extends to mining operations, with VAT climbing from 1.1% to 2.2%. Notably, the 0.1% special income tax for miners will sunset in 2026, folding crypto earnings into standard income tax brackets. Market observers note these changes arrive as Hong Kong's OSL expands its Indonesian foothold, acquiring 90% of local exchange Eve in June—a bullish signal despite fiscal headwinds.