Indonesia will increase taxes on cryptocurrency transactions starting August 1, introducing higher rates for trades conducted on overseas exchanges, according to a new regulation issued by the Ministry of Finance.
On Monday, the ministry issued multiple regulatory updates, including regulations No. 50/2025 and No. 53/2025, which amend crypto tax rates and compliance.
The move comes as the country’s crypto market experiences rapid growth. In 2024, total crypto transaction value tripled to over 650 trillion rupiah ($39.7 billion), with more than 20 million registered users surpassing the number of stock market investors.
Under the new rules, sellers of crypto assets on domestic exchanges will face a 0.21% tax on transaction value, up from 0.1%. For trades executed on overseas platforms, the tax rate will jump to 1% from the previous 0.2%.
The regulation also removes the value-added tax (VAT) for buyers, who previously paid between 0.11% and 0.22%. Meanwhile, VAT on crypto mining will double from 1.1% to 2.2%. In addition, the government will abolish the 0.1% special income tax rate on crypto mining starting in 2026, subjecting mining income to standard personal or corporate tax rates.
Binance-backed Tokocrypto welcomed the policy shift, noting it reflects the government’s evolving stance on digital assets, viewing them more as financial instruments rather than commodities. However, the exchange called for a one-month grace period to help businesses adapt to the new rules.
“We also emphasize the importance of strengthening oversight and tax enforcement on crypto transactions conducted through foreign platforms,”
Tokocrypto said in a statement, while urging policymakers to consider fiscal incentives to keep crypto taxation competitive against stock market capital gains taxes.
The changes are part of Indonesia’s broader effort to regulate its booming digital asset market while bolstering tax revenues from one of Southeast Asia’s fastest-growing crypto economies. In a related development, Indonesia’s Ministry of Communication and Digital (Komdigi) has temporarily suspended the registration of World Network, formerly Worldcoin and its WorldID services following a surge in public complaints over allegedly suspicious activities tied to the platforms.
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