Cryptocurrency Q&A
Is crypto taxed in Indonesia?
Is crypto taxed in Indonesia?
SakuraPetal
Tue Jun 11 2024
|
7 answers
1352
Could you please clarify for me if cryptocurrencies are subject to taxation in Indonesia? I've been hearing different opinions on this matter and I'm quite confused. As a country that's actively embracing digital technologies, does Indonesia have specific regulations or policies governing the taxation of crypto assets? If so, could you elaborate on the details, such as the types of taxes involved, the rates, and any exemptions that might apply? It would be helpful to understand how this impacts individuals and businesses alike. Thank you for your assistance in clarifying this matter.
7 answers
CryptoQueenGuard
Thu Jun 13 2024
Cryptocurrency exchanges operating locally are obligated to contribute a tax equivalent to approximately 0.02% to the national crypto bourse. This tax is imposed as a means of regulating and supporting the development of the cryptocurrency market within the country.
Was this helpful?
101
49
VoyagerSoul
Wed Jun 12 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services to its users. Among these are spot trading, futures trading, and wallet services. These services cater to the diverse needs of crypto investors and traders.
Was this helpful?
186
74
CryptoAlly
Wed Jun 12 2024
Indonesia imposes a dual taxation system on crypto transactions, designed to ensure both fair taxation and fiscal responsibility. A 0.1% income tax is levied on crypto trading profits, which reflects the taxable income derived from these activities.
Was this helpful?
210
22
AzurePulseStar
Wed Jun 12 2024
Additionally, a 0.11% value-added tax (VAT) is applied to crypto transactions. This VAT is imposed to capture the value added through each transaction, promoting fiscal neutrality and preventing tax evasion.
Was this helpful?
305
91
RubyGlider
Wed Jun 12 2024
BTCC's spot trading service allows users to buy and sell cryptocurrencies at current market prices. Its futures trading platform, on the other hand, enables investors to speculate on the future prices of cryptocurrencies, offering leveraged trading options.
Was this helpful?
107
72
Load 5 more related questions
