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Indonesia Implements Steep Crypto Tax Hikes Amid Trading Boom
Indonesia Implements Steep Crypto Tax Hikes Amid Trading Boom
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BTCCSquare news:
Indonesia is more than doubling taxes on cryptocurrency transactions as trading volumes surge past $39 billion. Starting August 1, domestic exchange sellers face a 0.21% levy—up from 0.1%—while foreign platform users confront a fivefold increase to 1%. The reforms eliminate buyer VAT but double mining taxes to 2.2%, with miners losing preferential income tax rates by 2026.
Finance Minister Sri Mulyani Indrawati frames the overhaul as necessary for legal clarity in a market where monthly volumes hit 49.57 trillion rupiah ($3.02 billion) in May 2025. The archipelago now ranks among global crypto adoption leaders, forcing regulators to balance revenue capture against sustaining growth in this volatile asset class.
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