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Indonesia's new tax policy on Crypto Assets: Trading tax rate increase and Mining tax adjustments.
[Block Rhythm] On July 30, the Indonesian Ministry of Finance issued new regulations, raising the tax rates related to Crypto Assets trading starting from August 1: the transaction tax rate for sellers on local trading platforms will increase from 0.1% to 0.21%, while for sellers on overseas platforms it will rise from 0.2% to 1%; buyers will no longer pay value-added tax, with the original rate being 0.11%-0.22%.
In addition, the value-added tax rate on Crypto Assets mining will increase from 1.1% to 2.2%, and the previously applicable special income tax of 0.1% will be abolished in 2026, transitioning to taxation based on individual or corporate income tax.