Crypto News: Indonesia Raises Crypto Taxes on Exchanges and Miners, Exempts Buyers From VAT

Indonesia has increased taxes on crypto exchanges and miners while removing VAT on crypto purchases, reshaping the country’s digital asset tax landscape from August 1, 2025.Key TakeawaysCrypto asset sales on domestic exchanges will face a 0.21% income tax (up from 0.1%).Foreign exchange sales will be taxed at 1%, up from 0.2%.Crypto miners will now pay a 2.2% VAT, double the previous rate.Crypto buyers are exempt from VAT, easing costs for investors.Crypto Exchange Sales Tax DoubledIndonesia’s Ministry of Finance announced new tax regulations (No. 50/2025 and No. 53/2025) effective August 1, 2025.Sales on domestic exchanges will be taxed at 0.21%, up from 0.1%.Sales on foreign crypto exchanges will incur a 1% tax, significantly higher than before.The measures aim to tighten oversight of offshore trading while boosting local revenue.Miners Face Heavier BurdenCrypto miners’ VAT rate rises from 1.1% to 2.2%.The previous 0.1% special income tax on mining will be phased out, with income becoming subject to personal or corporate tax rates starting in 2026.Miners failing to register as “taxable entrepreneurs” will face penalties under Indonesia’s general tax laws.VAT Removed for BuyersWhile sellers and miners face steeper levies, buyers of crypto assets are now exempt from VAT.Transfers of crypto assets “equated to securities” are no longer subject to VAT.Previous VAT rates ranged from 0.11%–0.22% for buyers.Finance Minister Sri Mulyani Indrawati said the tax overhaul was designed to “provide legal certainty for crypto trading and adapt to industry developments.”