Indonesia has announced an increase in taxes on cryptocurrency transactions effective from August 1, 2025, impacting sellers on both domestic and overseas platforms.
Tax for Domestic Crypto Sellers
From 2025, Indonesia will impose a 0.21% tax on cryptocurrency transactions for sellers on domestic platforms. This change aims to enhance governmental oversight of the crypto market.
1% Tax for Overseas Sellers
Overseas sellers will face a 1% tax. This measure is projected to redirect exchange activities to domestic platforms. According to Tokocrypto, the new tax rates could decrease market liquidity.
Indonesia's Crypto Policy in Context of Global Trends
Indonesia’s policy reflects global trends seen in other countries like India and South Korea. The new tax measures are expected to change trading behavior and may lead to a migration of assets to domestic exchanges.
The increase in cryptocurrency taxes in Indonesia, effective from 2025, could significantly influence the crypto market by altering trading habits and asset movement between platforms.
