Share this article
Indonesia to Raise Taxes on Crypto Transactions: Reuters
Sellers using exchanges located in the country will have to pay a 0.21% tax on the transaction value, up from 0.1%, Reuters said.
Jul 30, 2025, 3:10 p.m.
What to know:
- Indonesia plans to raise taxes on crypto transactions by Aug. 1.
- The new measures come after the total transaction value of crypto on the country's exchanges more than tripled last year.
Indonesia plans to raise taxes on crypto transactions by Aug. 1 as crypto investing grows more popular, Reuters reported citing a new regulation from the Ministry of Finance.
Sellers using exchanges located in the country will have to pay a 0.21% tax on the transaction value, up from 0.1%, Reuters said. For sellers using overseas exchanges the charge increases to 1% from 0.2%. There is some relief: Crypto buyers will no longer be subject to value added tax (VAT) under the new rules.
STORY CONTINUES BELOW
The new measures come after the total transaction value of crypto on the country's exchanges more than tripled to 650 trillion rupiah ($39.5 billion) in 2024 from the year before, Reuters said, citing regulator data. A total of 20 million people used the exchanges last year, Reuters added. Indonesia started licensing crypto exchanges after it passed legislation in 2019.
The country also increased the VAT rate for mining crypto from 2.2% to 1.1%, Reuters reported.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto industry insiders meet with key senators on market structure bill negotiation
Executives and lobbyists are attending a meeting today with Senator Tim Scott and others to hash out the ongoing talks over crypto's most important policy effort.
What to know:
- The crypto industry is have another meeting with U.S. Senate lawmakers who are working on the market structure bill.
- The legislation will return to negotiations in January, and this may mark the last big chance this year for industry representatives to clarify their positions in the talks.
Top Stories
