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Indonesia's encryption tax revenue increased to $36.4 million annually, regulatory policies tightened.
According to reports, as of this year, Indonesia's annual tax revenue from Crypto Assets ranges between 50 billion to 60 billion Indonesian Rupiah (approximately 3.125 million to 3.640 million US dollars). In the first year of taxation in 2022, it was 24.6 billion Rupiah, dropping to 22 billion Rupiah in 2023, significantly rising to 62 billion Rupiah in 2024, and so far 11.5 billion Rupiah has been collected in 2025.
The Indonesian government recently updated its Crypto Assets regulatory policy, raising the tax rate for overseas platforms to 1%, while adjusting the tax rate for domestic platforms to 0.21%. At the same time, it eliminated the buyer's value-added tax and reclassified Crypto Assets as financial assets, bringing them under the supervision of the Financial Services Authority.
Currently, the number of crypto users in Indonesia has exceeded 20 million, surpassing the number of local stock market investors. The tax authority pointed out that the price fluctuations of crypto assets will still affect future tax performance.