Furthermore, crypto tax regulations in Indonesia are governed by several laws that have undergone several revisions.
Initial Regulations: Minister of Finance Regulation 68/2022
Minister of Finance Regulation No. 68/PMK.03/2022 came into effect in May 2022 and stipulates:
- Crypto transactions are subject to VAT (Value Added Tax) of 0.11% of the transaction value.
- Every crypto transaction is subject to a final income tax (PPh) of 0.2%.
- Taxes are collected directly by the exchange.
This scheme was later criticized for being too burdensome and inflexible, particularly given the highly dynamic and volatile nature of the crypto market.
Revised Regulations: Minister of Finance Regulation 50/2025
Minister of Finance Regulation No. 50 of 2025 came into effect on August 1, 2025, and stipulates:
VAT on crypto transactions is abolished.
The final income tax rate under Article 22 for crypto transactions is adjusted.
Final income tax under Article 22 refers to income tax regulated under Article 22 of the Income Tax Law.
Also Read: What is Cryptocurrency? A Full Guide for Beginners and Professional Investors
Latest Crypto Tax Rates in Indonesia
The latest crypto tax regulations in Indonesia stipulate that crypto transactions are no longer subject to VAT, but are still subject to income tax at a final rate of 0.21% of the transaction value. In addition, transactions conducted through exchanges are subject to a 1% tax rate.
Activities subject to tax include:
- Crypto trading on exchanges registered with Bappebti.
- Crypto trading outside of official exchanges, such as P2P (peer-to-peer) or OTC (over the counter).
- Crypto mining.
- Staking, airdrops, or other rewards.
- Swapping a crypto asset for another crypto.
How to Pay Crypto Taxes in Indonesia
Crypto is reported as additional income on the Annual Tax Return (SPT) on Coretax DJP.
How to Pay Crypto Taxes
If you trade crypto on an exchange, the tax will be deducted directly by the exchange. However, the profits from these transactions must be reported. To do that, follow these guidelines.
- Log in to your Coretax DJP account.
- Select the “Asset List” menu on the SPT form.
- Select asset code 039 (Other Investments).
- List the asset’s market value as of December 31 of the relevant tax year as the acquisition value.
- List additional income in the “Other Income” column.
- Attach proof of tax payment.
- Submit the SPT.
How to Report Crypto Assets
If crypto is only held, there is no obligation to pay taxes, but it is recommended to still list crypto as an asset as a form of transparency.
According to the Directorate General of Taxes, here's how to report crypto as an asset:
- Log in to your Coretax DJP account.
- Report crypto assets in Appendix 1 of the Annual Tax Return, Table 3 (Investments/Securities).
- Select asset code 039 (Other Investments) to report crypto ownership.
- Provide detailed information about the country where the investment is located, the name and Taxpayer Identification Number (NPWP) of the investment institution, the investment account number, the purchase price and year, and the current asset value.
Reporting cryptocurrency as an asset on the annual tax return will not increase the amount of tax owed. This is solely to assess the justifications of tax calculations based on income compared with the increase in net assets over the course of a year.
Impacts of Crypto Tax Regulations in Indonesia for Traders
Crypto tax regulations in Indonesia have both positive and negative impacts on traders.
Reducing Administrative Burden
The elimination of VAT for crypto transactions reduces the administrative burden on traders and exchanges. It also simplifies the taxation system and aligns the process of buying and selling crypto in Indonesia with global practices.
Simplifying Law Enforcement
Previously, the income tax on crypto asset transactions was 0.1% for exchanges registered with Bappebti and 0.2% for exchanges not registered with Bappeti. Now, PMK 50/2025 sets the final income tax rate at 0.21% of the transaction value. Crypto tax regulations in Indonesia are now easier to calculate and understand.
Potentially Reducing Investor Profit
A uniform final income tax rate does simplify legal compliance, but the 110% increase in the rate could reduce investor profits. This rate could enlarge the difference between selling and buying prices, minimize trading frequency, and even reduce market liquidity.
Increasing the Competitiveness of Local Exchanges
Crypto transactions on local exchanges are subject to a final tax rate of 1% of the transaction value, which is much lower than foreign exchange platforms. This drives investors and traders to choose local exchanges over global ones.
Also Read: Crypto Trends in 2026: Technologies, Projects, and Growth Potential
Tips to Comply with the Latest Crypto Tax Regulations in Indonesia
Understanding and complying with the latest crypto tax regulations in Indonesia is not difficult. As a wise and law-abiding trader, make sure you do the following.
- Report your crypto holdings to Coretax DJP.
- Recap all crypto transactions in a year.
- Use exchanges registered with Bappebti.
Conclusion
The crypto tax regulations in Indonesia are in accordance to the Minister of Finance Regulation No. 50 of 2025. Crypto purchases are no longer subject to VAT, but transactions are still subject to Final Income Tax or Income Tax Article 22.
Although still new and decentralized, the crypto industry is not a wild area without rules. Understanding crypto tax regulations in Indonesia is part of an investor’s responsibility.
Looking for a deeper understanding of crypto regulations in Indonesia? Learn through the article Indonesia’s Crypto Regulations in 2025: A Complete Guide for Token Researchers.
