Indonesia Increases Crypto Taxes for Traders and Miners Starting August

Highlights:

• Indonesia will raise its crypto trade taxes, with foreign transactions facing the highest rate.
• Crypto buyers in Indonesia will no longer pay VAT under the new rules beginning next month.
• Mining services in Indonesia will face double VAT, while a special income tax will end in 2026.

The Ministry of Finance has introduced new crypto tax measures for the Indonesian industry. These rules, set under regulations No. 50/2025 and No. 53/2025, will take effect on August 1. The revisions raise tariffs on crypto transactions and mining activities but grant tax relief to purchasers. This goal is to bring more transactions onto the local exchanges and better tax collection within the industry.

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🇮🇩 Indonesia to raise crypto transaction taxes starting August 1:

• Tax on local exchange sellers: 0.21% (up from 0.1%)
• Tax on foreign exchange sellers: 1% (up from 0.2%)
• VAT on buyers scrapped
• Crypto mining VAT doubled to 2.2%
• Special mining income tax removed;… pic.twitter.com/JMYsRNpcCm

— Crypto News Hunters 🎯 (@CryptoNewsHntrs) July 30, 2025

The new framework will raise the income tax on trades executed on domestic exchanges from 0.1% to 0.21%. In comparison, trades made through foreign exchanges will face a jump from 0.2% to 1%. The ministry also asserted that these changes cover all trades in the local and foreign exchanges. The cost will be increased for traders who use overseas exchanges, but less for those who use domestic ones. The disparity between the rates is a clear indication that the government will support local platforms. This strategy fits its larger objective to boost local liquidity and solidify tax revenues.

Indonesia Increases Crypto Taxes as Buyers Gain VAT Relief

The government has also eliminated value-added tax (VAT) requirements when purchasing crypto, alongside increasing taxation to sellers. Earlier, the buyers had been paying VAT between 0.11% and 0.22%. This exemption has lowered transaction costs for retail and institutional buyers.

The new rules will also increase the tax burden on crypto miners. VAT on mining services will be increased to 2.2%. Moreover, the special income tax of 0.1% imposed on miners will be eliminated from next year. Thereafter, the miners will pay taxes under the normal personal or corporate tax rates. These changes impact every qualified miner working as a retail trader or taxable entrepreneur.

The ministry stated that miners must fulfill specific conditions to remain compliant. Those who fail to meet these standards will face penalties under the national tax law. The new policies also clarify that any transfer of crypto assets regarded as securities will not incur VAT.

Market Reactions Highlight Indonesia’s Strategic Shift

Crypto adoption in Indonesia climbed to more than 20 million in 2024, and transaction volume went past $39 billion. Meanwhile, Tokocrypto, a platform backed by Binance, has embraced the changes but asked for at least a month to enable businesses to cope with the changes, according to a statement to Reuters. The exchange obtained a full Physical Crypto Asset Trader (PFAK) license from the Commodity Futures Trading Regulatory Agency.

Foreign interest in Indonesia continues to grow. OSL from Hong Kong recently acquired a 90% stake in Evergreen Crest for $15 million. Evergreen Crest operates a licensed Indonesian crypto exchange.

5/5 🇭🇰 OSL Group Expands into Indonesia 🇮🇩

Hong Kong-listed @osldotcom is acquiring a 90% stake in Indonesian crypto exchange Evergreen Crest for $15M. The deal gives OSL access to spot and derivatives trading licenses—a major step into one of Southeast Asia’s most promising…

— ShardLab (@0xShardLab) June 10, 2025

These tax updates arrive as other nations take different directions. India chose to maintain its 30% tax on crypto, while in the United States, proposals suggest eliminating capital gains taxes on digital assets. Meanwhile, Ohio passed a bill that seeks to exempt small transactions worth less than $200 from capital gains tax.

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