- New regulation clarifies income tax and VAT for crypto transactions in Indonesia
- Regulation replaces previous rules and introduces new provisions
- Final income tax rate increased and VAT eliminated for crypto asset transfers
- Oversight authority shifts from Bappebti to OJK
- Regulation effective from 1 August 2025
- Crypto assets defined as digital value representations using distributed ledger technology
- Crypto assets reclassified as securities, exempting transfers from VAT
- Supporting services by PPMSEs and crypto miners are taxable and subject to VAT
- PPMSEs must register as VAT-able entrepreneurs and issue tax invoices
- VAT for PPMSE services charged at an effective rate of 11%
- Crypto miners must also register as VAT-able entrepreneurs
- VAT on verification services for miners imposed at an effective rate of 2.2%
- Both PPMSE and miners must report VAT in periodic returns by the end of the following month
Source: ahp.id
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
