Indonesia's Cryptocurrency Annual Tax Revenue Reaches $364 Million, User Base Exceeds 20 Million

BlockBeats News, August 1st. According to the Indonesia Tax Office, as of this year, Indonesia's annual cryptocurrency tax revenue ranges from 500 billion to 600 billion Indonesian Rupiah (approximately 31.25 million to 36.40 million US dollars). In detail, the tax revenue for the first year in 2022 was 24.6 billion Rupiah, decreased to 22 billion Rupiah in 2023, surged to 62 billion Rupiah in 2024, and up to now in 2025, 11.5 billion Rupiah has been collected.

The Indonesian government recently updated its cryptocurrency regulatory policy, increasing the tax rate for overseas platforms to 1% and adjusting the tax rate for domestic platforms to 0.21%. In addition, the value-added tax for buyers has been canceled, and cryptocurrencies have been reclassified as financial assets, falling under the supervision of the Financial Services Authority.

Currently, Indonesia has over 20 million cryptocurrency users, surpassing the number of local stock market investors. The tax department pointed out that the price volatility of cryptocurrency assets will continue to impact future tax revenues. (TECHINASIA)