TEMPO.CO, Jakarta - The government has introduced a new tax regulation on crypto assets. This regulation, signed by Finance Minister Sri Mulyani on July 25, 2025, will take effect on August 1, 2025.
One of the main objectives behind the issuance of Minister of Finance Regulation (PMK) Number 50 of 2025 on Value Added Tax (VAT) and Income Tax (PIT) for crypto asset trading is to ensure legal certainty in financial transactions involving crypto assets.
The regulation states that adjustments are needed to simplify the processes of tax collection, payment, and reporting related to crypto asset trading.
Crypto Asset Sales Exempt from VAT
According to the new regulation, the sale or transfer of crypto assets is no longer subject to VAT. This is clearly outlined in Chapter II, Article 2, Paragraph 1 of PMK 50/2025, which states that "The transfer of Crypto Assets equated to securities is not subject to Value Added Tax."
As a result, crypto assets are now classified similarly to securities and are not considered taxable goods, which were previously subject to VAT. However, although the sale of crypto assets is VAT-exempt, some related services will remain taxable.
VAT Applies to Certain Service Providers
Still within the same article, Paragraph 2 explains that VAT will apply to taxable services such as the provision of electronic platforms for trading crypto assets by Electronic Trading System Providers (ETSPs), as well as verification services performed by crypto asset miners.
In addition, VAT applies to services provided by electronic facility operators that enable crypto asset transactions. These include crypto-to-fiat trading, asset swaps, use of digital wallets for deposits, withdrawals, transfers, and storage or custody of crypto assets.
The applicable VAT rate for these services is 11%, calculated using the formula in PMK 131/2024 based on the 12% VAT rate multiplied by a factor of 11/12.
Income Tax Rate Raised
The new regulation also imposes income tax on individuals and entities earning income from crypto asset transactions. This includes income received by sellers of crypto assets, ETSPs, and crypto asset miners.
Taxable income includes transactions involving fiat currencies, crypto-to-crypto exchanges (swaps), and other digital transactions processed by ETSPs.
Under the updated regulation, the Article 22 Income Tax rate on income from crypto assets has been raised from 0.1% to 0.21%. This tax is final and applies to the gross income from the relevant crypto-related activities.
Editor's Choice: Bank Indonesia Says Payment ID to Enter Trial Run for Social Aid Distribution on August 17
Click here to get the latest news updates from Tempo on Google News
Indonesia to Issue Kangaroo Bond in August, Says Sri Mulyani
30 menit lalu
The government plans to issue Kangaroo Bonds, which are Indonesian debt securities denominated in Australian dollars.
Crypto Derivative Transactions on Indonesia's CFX Exchange Hit Rp33.54 Trillion
2 hari lalu
CFX recorded a total value of national crypto derivative transactions amounting to Rp33.54 trillion throughout the first half.
Why Cigarette Tax Should Be Increased by 25 Percent per Year
6 hari lalu
The increase is expected to make cigarettes less affordable for the entire population, particularly to restrict young access to the commodity.
Sri Mulyani Reveals Prabowo's Instructions on Deregulation and Targeted Spending
7 hari lalu
Indonesian President Prabowo also asked Finance Minister Sri Mulyani and her team to keep the APBN deficit at a good level.
Sri Mulyani Grilled Over Repeated Failure to Meet 20% Education Budget Target
8 hari lalu
A member of the House's Commission XI raises concerns to Sri Mulyani over the education budget falling short of 20 percent of the APBN.
Indonesia's Sri Mulyani Urges Inclusive Global Financial Reform at G20 Meeting
10 hari lalu
According to Sri Mulyani, the global financial architecture must encompass the full spectrum of the economy.
One Year Needed to Prepare Tax Collection System, Says E-commerce Association
12 hari lalu
The Indonesian E-commerce Association (idEA) supports the government's efforts to strengthen tax compliance, including within the e-commerce sector.
Tax DG: Online Sellers' Tax Won't Lead to Increased Product Prices
14 hari lalu
The Director General of Taxation emphasized that the tax collected by e-commerce is not a new levy.
Government Eyes Social Media for Tax Revenue After Marketplaces
15 hari lalu
The Indonesian government has officially designated e-commerce platforms or marketplaces as tax collectors for Income Tax (PPh 22) on online merchants
Sri Mulyani: War, Elections Pose Risks, But Indonesia's Economy Is Recovering
15 hari lalu
Sri Mulyani Indrawati stated that throughout 2024, geopolitical tensions and general elections in 70 countries had triggered significant uncertainty.
