Cryptocurrency Q&A
Is crypto taxed in Indonesia?｜. Additionally, local crypto exchanges must contribute around 0.02% tax to the national crypto bourse.Crypto transactions in Indonesia are subject to dual taxation: a 0.1% income tax and a 0.11% value-added tax (VAT)
Is crypto taxed in Indonesia?｜. Additionally, local crypto exchanges must contribute around 0.02% tax to the national crypto bourse.Crypto transactions in Indonesia are subject to dual taxation: a 0.1% income tax and a 0.11% value-added tax (VAT)
Lorenzo
Sun Jun 09 2024
|
5 answers
1310
Could you please clarify the taxation policies regarding cryptocurrencies in Indonesia? I'm interested to know if crypto transactions are taxed in the country. Additionally, could you elaborate on the 0.02% tax contribution required by local crypto exchanges to the national crypto bourse? Furthermore, what is the nature of the dual taxation system applied to crypto transactions in Indonesia, specifically the 0.1% income tax and the 0.11% value-added tax (VAT)? Thank you for your assistance in explaining these matters.
5 answers
SeoulSerenitySeeker
Tue Jun 11 2024
Cryptocurrency, a digital asset designed to work as a medium of exchange using cryptography to secure transactions, has revolutionized the financial landscape. With its decentralized nature and global accessibility, it offers unprecedented opportunities for investors and traders. However, navigating the complex world of crypto can be daunting, especially for those new to the field.
Was this helpful?
219
20
DavidJohnson
Mon Jun 10 2024
BTCC, a UK-based cryptocurrency exchange, stands out as a reliable and comprehensive platform in this domain. It offers a range of services tailored to meet the diverse needs of crypto enthusiasts. From spot trading to futures contracts, BTCC provides a seamless experience for users to capitalize on market movements.
Was this helpful?
136
99
BlockchainBaronGuard
Mon Jun 10 2024
Among its services, BTCC's wallet solution deserves special mention. This secure and user-friendly wallet allows users to store, send, and receive cryptocurrencies with ease. With robust security measures, it ensures that customers' assets remain protected from unauthorized access.
Was this helpful?
232
25
Sara
Mon Jun 10 2024
BTCC's futures trading platform is another notable feature. It offers traders the opportunity to speculate on the future prices of cryptocurrencies, enabling them to capitalize on both upward and downward market movements. This added layer of complexity and potential profitability makes BTCC a preferred choice for experienced traders.
Was this helpful?
334
91
Nicola
Mon Jun 10 2024
Moreover, BTCC's commitment to transparency and regulatory compliance adds to its credibility. It ensures that its operations are in line with global financial regulations, providing users with a safe and secure trading environment. This is particularly important in the highly volatile and unregulated crypto market.
Was this helpful?
389
87
Related questions
- Is crypto taxed in the UAE?｜The country offering zero income tax gives you the benefit of zero percent taxes on capital gain. Dubai views Crypto as an investment asset rather than a currency and charges zero capital gains tax on UAE residents.
- Is crypto taxed?
- Is crypto taxed in Hong Kong?｜For taxpayers in Hong Kong, . For corporations and crypto professionals, when digital assets are traded as a regular part of doing business, they are subject to an income tax.so long as an individual's crypto activities are considered investments, no capital gains tax is applied
