new taxes and rules from August 1st
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Starting from August 1st, the fiscal tightening on the cryptocurrency industry in Indonesia takes effect: the new regulation reshapes the framework for those who buy, sell, and mine Bitcoin, with tax increases almost everywhere and few exemptions. What changes for traders: taxes doubled on Bitcoin The new rules (No. 50/2025 and No. 53/2025) of the Indonesian Ministry of Finance primarily impact those trading crypto assets through local exchanges. The income tax on sales of Bitcoin and other cryptocurrencies on domestic platforms increases from 0.1% to 0.21%. An increase of 110%, which weighs particularly on retail traders but also on professional operators. The situation worsens for those who bet on offshore platforms: selling crypto on foreign exchanges now involves a much stricter tax imposition, which rises from 0.2% to 1%. A decision that strongly questions the convenience of using international exchanges and clearly aims to “push” volumes and activities onto Indonesia’s regulated exchanges. What’s new for miners: more taxes and new rules from 2026 The news does not spare the miners. The VAT (value-added tax, equivalent to the Italian IVA) on crypto asset mining activities has doubled: from the previous 1.1% to the new 2.2%. A net increase that could impact the profitability of the national mining activity, already challenged by the price volatility of digital assets. But the key deadline is 2026: the regulation abolishes the special income tax of 0.1% for miners, replacing it with more stringent obligations. Miners will indeed be treated as “taxable retail entrepreneurs” and subject to personal or corporate income tax according to the normal tax tables. A potentially onerous change, making it essential for operators to update their tax position. Attention: those who do not comply with the new provisions will be subject to sanctions according to the current legislation. Therefore, it is crucial…
Filed under: News - @ July 30, 2025 6:21 pm