Indonesia’s Crypto Tax Revenue Surges Amid New Regulatory Framework
Indonesia's cryptocurrency tax revenue has surged to IDR 500–600 billion annually, according to the Directorate General of Taxes (DGT). The growth follows the implementation of a 0.11% VAT and 0.1% Income Tax on crypto transactions under Minister of Finance Regulation (PMK) Number 68/2022. Revenue projections show volatility, with 2024 expected to hit IDR 620 billion before a predicted drop to IDR 115 billion in 2025 due to market unpredictability.
New regulations effective August 1, 2025, aim to streamline crypto taxation. PMK Number 50 addresses trading taxes, PMK Number 53 revises calculation methods, and PMK Number 54 enhances collection systems. The moves reflect Indonesia's efforts to formalize crypto oversight while acknowledging its long-term investment nature.
