Indonesia: Income tax and VAT treatment of crypto trading and fintech transactions
KPMG reports summarize tax implications of the trading of cryptoassets and fintech transactions.
Treatment of crypto trading and fintech transactions
The KPMG member firm in Indonesia prepared a report summarizing the income tax implications of the trading of cryptoassets and financial technology (fintech) transactions.
The report specifically references the provisions of Ministry of Finance Regulation No. 68 Year 2022 and Ministry of Finance Regulation No. 69 Year 2022, which were both issued on 31 March 2021 and are effective as of 1 May 2022.
Read a July 2022 report [PDF 340 KB] prepared by the KPMG member firm in Indonesia
The KPMG member firm in Indonesia also prepared a report summarizing the value added tax (VAT) implications of the trading of cryptoassets and fintech transactions.
Read a July 2022 report [PDF 550 KB] prepared by the KPMG member firm in Indonesia
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.