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

August 1st. According to the Tax Office of Indonesia, since this year, the annual cryptocurrency tax revenue in Indonesia ranges from 500 billion to 600 billion Indonesian Rupiah (approximately 31.25 million to 36.40 million US dollars). Specifically, the tax revenue in the first year of 2022 was 24.6 billion Rupiah, decreased to 22 billion Rupiah in 2023, surged to 62 billion Rupiah in 2024, and as of now in 2025, 11.5 billion Rupiah has been collected. The Indonesian government has recently updated its cryptocurrency regulatory policy. The tax rate for overseas platforms has been increased to 1%, and the tax rate for domestic platforms has been adjusted to 0.21%. In addition, the value-added tax for buyers has been canceled, and cryptocurrencies have been reclassified as financial assets and are under the supervision of the Financial Services Authority. Currently, there are more than 20 million cryptocurrency users in Indonesia, surpassing the number of local stock market investors. The tax department pointed out that the price volatility of cryptocurrency assets will continue to have an impact on future tax revenues. (TECHINASIA)