Indonesia will increase the tax rate on Crypto Assets trading.

Foresight News reports that, according to Reuters, Indonesia will increase the tax rate on crypto asset transactions. Under the new regulations, sellers of crypto assets at domestic exchanges in Indonesia will have to pay a tax of 0.21% of the transaction value, up from 0.1%; sellers of crypto assets at foreign exchanges will have to pay a tax of 1%, up from 0.2%. However, buyers will no longer pay the previously applicable value-added tax (VAT) of 0.11% to 0.22%. In addition, Indonesia will raise the value-added tax rate on crypto mining from 1.1% to 2.2%, and the special income tax rate of 0.1% for crypto mining will be abolished. Such income will be taxed at personal income tax or corporate income tax rates, which will take effect in 2026.