Indonesia’s Crypto Tax Revenue Skyrockets as New Regulations Take Hold

Indonesia’s crypto sector is making waves—and filling government coffers. Fresh regulations are turbocharging tax revenues, proving digital assets aren’t just speculative toys.

Regulatory green light fuels boom

The government’s move to legitimize crypto trading has paid off. Tax receipts from digital asset transactions are climbing faster than a Bitcoin bull run—no surprise when you finally stop treating investors like criminals.

Finance traditionalists, eat your heart out

While legacy banks still debate blockchain’s merits, Indonesia’s treasury is quietly stacking sats. Nothing accelerates adoption like watching bureaucrats scramble to tax your gains.

Bullish momentum meets red tape

New rules bring clarity—and compliance costs. But hey, at least now you can calculate your capital gains before the next regulatory pivot.

New 2025 Regulations

The Indonesian Ministry of Finance has introduced three new rules starting today, August 1, 2025, to better manage crypto taxes. PMK Number 50 sets taxes on crypto trading, PMK Number 53 updates how taxes are calculated, and PMK Number 54 improves the tax collection system. These changes help regulate crypto as a financial asset.

Cryptocurrency is now classified as a financial asset under the Financial Services Authority (OJK), shifting from its previous designation as a commodity. Yon Arsal, Expert Staff to the Minister of Finance for Tax Compliance, emphasized the importance of improved coordination with OJK to monitor crypto transactions, with the aim of increasing compliance and revenue.

The new regulations will raise taxes by 0.21% for domestic exchange transactions and 1% for overseas platforms, while exempting buyers from VAT. With crypto transactions expected to reach IDR 650 trillion in 2024, Indonesia is solidifying its position as a significant player in the global digital asset market.

Also Read: Indonesia Increases Crypto Tax Rates for Traders and Miners