The Indonesian government is preparing a new tax policy for cryptocurrencies, which experts believe will enhance the country’s competitiveness in the global market.
Finalization of Tax Policy
The Directorate General of Taxes in Indonesia is finalizing a crypto tax policy. The major player Tokocrypto, led by CEO Calvin Kizana, is involved in discussions to shape this policy. The proposed changes aim to regulate and standardize taxation.
Government Strategy to Boost Competitiveness
Calvin Kizana emphasizes the need for tax parity with stocks. He highlights that aligning cryptocurrency taxes with those of equity markets will help maintain the national industry's competitiveness. These changes aim to create a healthier business environment.
2024 Regulatory Shifts Enhanced Crypto Market Legitimacy
In 2024, Indonesia enhanced its crypto regulations by licensing exchanges, significantly boosting legitimacy. Historical data shows that such policy shifts often lead to increased trading volumes on major crypto exchanges. Tokocrypto supports a balanced tax approach for a robust digital asset ecosystem.
The introduction of a tax policy for cryptocurrencies in Indonesia, focusing on parity with stocks, could significantly increase market activity and attract institutional investors.
