Indonesia: Updated tax rates for cryptoasset transactions
Effective August 1, 2025
The Ministry of Finance issued PMK 50/2025—effective August 1, 2025—amending cryptoasset taxation regulations.
Key changes include increasing the final income tax on cryptoasset transactions to 0.21% and 1% for domestic and foreign electronic system trading providers, respectively.
Cryptomining income will be taxed under normal income tax provisions from 2026. In addition, income earned by electronic platforms facilitating trades for cryptoasset transactions will be subject to normal income tax and will not be subject to withholding tax.
Transfers of cryptoassets are exempt from value added tax (VAT), but VAT applies to electronic platforms facilitating trades and miners providing transaction verification services including block rewards and any other income. VAT on income earned by cryptoasset miners increases to 2.2%.
For more information, contact a KPMG tax professional in Indonesia:
Diana R. Hutagaol | diana.hutagaol@kpmg.co.id