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February 13, 2025 | 10:41 am
TEMPO.CO, Jakarta - The Ministry of Finance’s Directorate General of Taxes (DJP) reported that tax revenue from the digital economy sector reached Rp33.39 trillion as of January 31, 2025.
Dwi Astuti, Director of Counseling, Services, and Public Relations at DJP, outlined that this revenue comes from several key sources: Rp26.12 trillion in Value Added Tax (VAT) from electronic transactions (PMSE), Rp1.19 trillion from cryptocurrency taxes, Rp3.17 trillion from fintech peer-to-peer (P2P) lending taxes, and Rp2.9 trillion from taxes collected by third parties for procurement transactions through the Government Procurement Information System (SIPP).
As of January 2025, the government had designated 211 PMSE business players as VAT collectors. Dwi noted that there were no new appointments, data corrections, or revocations of VAT collectors during the month of January.
Among the appointed VAT collectors, 181 PMSE entities have actively collected and remitted VAT on electronic transactions, totaling Rp26.12 trillion. "This amount includes Rp731.4 billion collected in 2020, Rp3.90 trillion in 2021, Rp5.51 trillion in 2022, Rp6.76 trillion in 2023, Rp8.44 trillion in 2024, and Rp774.8 billion in 2025," Dwi said in a written statement, quoted on Wednesday, February 12.
DJP also reported that cryptocurrency tax revenue had reached Rp1.19 trillion as of January 2025. This revenue includes collections from 2022 amounting to Rp246.45 billion, 2023 with Rp220.83 billion, 2024 with Rp620.4 billion, and 2025 with Rp107.11 billion.
Dwi explained that the cryptocurrency tax revenue was derived from Income Tax (PPh) 22 on crypto sales transactions in exchanges, totaling Rp560.55 billion, and VAT on crypto purchases in exchanges, amounting to Rp634.24 billion.
Additionally, the fintech P2P lending sector contributed Rp3.17 trillion to tax revenue by January 2025. Revenue from fintech taxes includes collections from 2022 totaling Rp446.39 billion, 2023 with Rp1.11 trillion, 2024 with Rp1.48 trillion, and 2025 with Rp140 billion.
The fintech lending tax consists of PPh 23 on interest earned by domestic taxpayers (WPDN) and permanent establishments (BUT), amounting to Rp830.54 billion, PPh 26 on interest earned by foreign taxpayers (WPLN), totaling Rp720.74 billion, and VAT on domestic transactions amounting to Rp1.62 trillion.
"In order to create fairness and a level playing field for both conventional and digital businesses, the government will continue to designate PMSE entities that sell products or provide digital services from abroad to Indonesian consumers," Dwi stated.
Dwi also emphasized that the government will continue to explore potential tax revenue sources from other digital economy sectors, including cryptocurrency taxes on asset trading, fintech taxes on loan interest paid by borrowers, and SIPP taxes on procurement transactions through the Government Procurement Information System.
Editor’s Choice: Indonesia Records Over Rp27tn of Tax Revenue on Digital Economy Sector
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