Regulation Number 68/PMK.03/2022 (PMK-68) confirming the VAT and income tax treatment of cryptoasset trading in Indonesia is effective as from 1 May 2022 and includes a definition of relevant terms and types of cryptotransaction covered; confirmation of the VAT, Article 22 income tax (in the form of withholding tax (WHT)), and income tax treatment of each type of transaction; procedures for appointment of a foreign cryptoexchanger; and compliance obligations for exchangers. PMK-68 was issued by the Indonesian Minister of Finance (MoF) on 30 March 2022.
Source Deloitte
Latest Posts in "Indonesia"
- Indonesia Updates Digital Tax Rules for E-Commerce Sector
- Government Announces 50% VAT Discount on Airfare for Christmas and New Year Holidays
- Indonesia Extends Full VAT Relief on Housing Purchases Through 2026 to Boost Economy
- Indonesia, EU Finalize Free Trade Agreement to Counter US Tariffs
- Indonesia Extends VAT Incentives for Real Estate and Construction Sectors
