Cryptocurrencies
Indonesia Will Tax Crypto Earnings, Fintech Deals in May
- Crypto will face value-added tax, income tax starting in May
- Fintech deals like P2P lending, crowdfunding to also face VAT
This article is for subscribers only.
Indonesia will start taxing crypto transactions and assets next month, along with some financial-technology services.
The finance ministry has set a 0.1% value-added tax on crypto asset purchases, while earnings and capital gains from such transactions will be subject to a 0.1% final income tax, according to a rule that will be effective on May 1.