Indonesia to Raise Taxes on Crypto Transactions: Reuters

Indonesia to Raise Taxes on Crypto Transactions: Reuters

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…

Indonesia Quadruples Tax on Overseas Crypto Trades

Indonesia will hike tax rates on cryptocurrency transactions starting August 1, with sellers on domestic exchanges now facing a 0.21% tax on …

Indonesia Quadruples Tax on Overseas Crypto Trades - Coin Surges

Indonesia will hike tax rates on cryptocurrency transactions starting August 1, with sellers on domestic exchanges now facing a 0.21% tax on transaction value, while those using overseas exchanges will see their rate increase to 1%. Crypto’s Rising Popularity Fuels Tax Adjustments Indonesia is set to implement higher tax rates on cryptocurrency transactions starting August […] Read Entire Article The post Indonesia Quadruples Tax on Overseas Cry…

Indonesia Quadruples Tax on Overseas Crypto Trades – Taxes Bitcoin News

Indonesia will hike tax rates on cryptocurrency transactions starting August 1, with sellers on domestic exchanges now facing a 0.21% tax on transaction value, while those using overseas exchanges will see their rate increase to 1%. Crypto’s Rising Popularity Fuels Tax Adjustments Indonesia is set to implement higher tax rates on cryptocurrency transactions starting August […]

ESG News Recap: Indonesia Introduces Higher Taxes on Crypto

Impakter Indonesia Introduces Higher Taxes on Crypto Today’s ESG Updates Indonesia Hikes Crypto Taxes to 1% for Foreign Sellers: The country’s finance ministry raises transaction taxes effective August 1, while reclassifying crypto as a financial asset. Japan Sets New Heat Record at 41.2°C Amid Climate Crisis: Temperatures in Japan reach historic highs, as heatstroke cases surge in 33 prefectures. Google to Sign […] The post Indonesia Introduces…

New Crypto Tax Rates in Indonesia Effective from August 1

Indonesia has been one of the quickest countries to adopt cryptocurrency. It has been able to lay down respective rules and regulations rapidly. Although the country allows trading of virtual currencies, it restricts their use as a means of payment. Indonesian crypto adoption is among the highest in the world, with over 20 million active users and $39–$40 billion in transactions in 2024. As a result, tax revenues are expected to rise as the gove…