Indonesia to raise cryptocurrency taxes
20hours ago
According to Odaily Planet Daily, Indonesia will implement new cryptocurrency tax regulations starting in 2026. Under the changes, domestic cryptocurrency sellers will be subject to a 0.21% transaction tax (previously 0.1%), while the tax rate for sellers on overseas platforms will be significantly increased to 1% (previously 0.2%). At the same time, buyers will no longer be subject to the original 0.11% to 0.22% value-added tax. The tax burden on crypto mining will also increase significantly, with the value-added tax rising from 1.1% to 2.2%, and the 0.1% special income tax will be eliminated, with individual or corporate income tax rates levied instead. (Reuters)
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