Indonesia’s Cryptocurrency Tax Revenue
This year, Indonesia is expected to generate approximately 500 to 600 billion Indonesian Rupiah from cryptocurrency taxes, equating to around 31.25 million to 36.40 million US dollars. In 2022, the country’s tax revenue from cryptocurrencies was a modest 24.6 billion Rupiah. However, this figure saw a decline to 22 billion Rupiah in 2023, before soaring to 62 billion Rupiah in 2024. As of now in 2025, the government has already accrued 11.5 billion Rupiah in tax revenue from this sector.
Regulatory Changes and Tax Policies
Recent updates to Indonesia’s regulatory framework for cryptocurrencies have led to significant changes in tax policies. The government has raised the tax rate for foreign cryptocurrency platforms to 1%, while the domestic platforms will now face a lower tax rate of 0.21%. Additionally, buyers will no longer be subject to value-added tax, and cryptocurrencies have been designated as financial assets, now under the oversight of the Financial Services Authority (OJK).
Growing User Base and Future Considerations
The cryptocurrency landscape in Indonesia is burgeoning, with the user base exceeding 20 million individuals, surpassing the number of investors in the local stock market. However, the tax authority has cautioned that the inherent price fluctuations of cryptocurrencies may continue to affect future tax income from these digital assets.
