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Indonesia Joins Global Crypto Tax Crackdown with August Hike

Indonesia Joins Global Crypto Tax Crackdown with August Hike

Following global trends, Indonesia is raising taxes on cryptocurrency transactions starting August 1, with the steepest increases affecting overseas exchange users.

Key changes:

  • Sellers on local exchanges: 0.21% tax (up from 0.1%).
  • Sellers on foreign platforms: 1% tax (up from 0.2%).
  • Buyers no longer pay VAT, a relief from prior 0.11%-0.22% rates.
  • Miners hit hardest: VAT doubles to 2.2%, and a special 0.1% income tax ends in 2026.

The move aligns Indonesia with other nations tightening crypto taxation to boost oversight and revenue.