Indonesia’s Ministry of Finance said the total tax revenue from crypto in 2023 was $31.7 million (Indonesian Rupiah 467.27 billion).
The country’s tax revenue last year fell 62% compared to the partial collection period in 2022, when the tax regime was introduced in May 2022.
Crypto transactions in Indonesia are subject to dual taxation: a 0.1% income tax and a 0.11% value-added tax (VAT). Additionally, local crypto exchanges must contribute around 0.04% tax to the national crypto bourse.
Source: www.coindesk.com
