The government, through the MoF, has issued MoF Regulation Number 50 of 2025 (“PMK 50/2025”)  as the new regulation regarding taxation on cryptocurrency transactions in Indonesia. This regulation came into effect on August 1, 2025, and is designed to align the tax system with the development of the digital economy, particularly in the world of digital assets such as Bitcoin, Ethereum, and other cryptocurrencies.

Here are general key points covered in PMK-50:

• The buying and selling of crypto assets are no longer subject to VAT (Value Added Tax) because crypto assets are now considered as equivalent to securities.
• Crypto asset transaction verification services by Crypto Asset Miners are subject to VAT at the effective rate of 2.2%, as they are considered taxable services.
• The sale of crypto assets by Domestic Electronic System Trading Operators (PPMSE) through official platforms is subject to a final Article 22 Income Tax of 0.21%. This tax is collected by platforms designated by the government. On the other hand, for Foreign PPMSE, the effective tax rate is 1%.
• Income of Crypto Asset Miners, such as block rewards, and transaction verification fees, will be subject to the normal income rate (not the final rate), and this will be effective from the 2026 fiscal