BERITA TERKINI
JAKARTA, DDTCNews - The government has officially enacted a new regulation addressing the value added tax (VAT) and income tax treatment of crypto asset trading transactions. This topic has dominated public attention over the past week.
Through the Minister of Finance Regulation (MoF Reg.) 50/2025, the government seeks to enhance legal certainty, simplicity and ease of tax administration for crypto assets.
Crypto Asset Income Tax
In light of the income tax treatment of crypto asset-related income, Article 10 of MoF Reg. 50/2025 stipulates that income received by crypto asset sellers, electronic commerce (e-commerce) operators (penyelenggara perdagangan melalui sistem elektronik/PPMSE in Indonesian) or crypto asset miners is subject to income tax.
Sales of crypto assets are subject to a final Art. 22 Income Tax rate of 0.21%, denoting an increase from the previous rate of 0.1%.
Please note that the income of e-commerce operators that facilitate crypto asset transactions as well as the income of crypto asset miners shall be subject to income tax at statutory rates pursuant to the Income Tax Law. Income received by e-commerce operators and crypto asset miners must be duly filed in the annual tax return.
Crypto Asset VAT
In terms of the VAT treatment of transfers of crypto assets, Article 2 of MoF Reg. 50/2025 specifies that transfers of crypto assets deemed equivalent to securities are not subject to VAT.
Nevertheless, it is important to highlight that supplies of taxable services (jasa kena pajak/JKP in Indonesian) in the form of crypto asset transaction verification services by e-commerce operators and taxable services in the form of crypto asset transaction verification services by crypto asset miners are subject to VAT.
VAT on crypto asset transaction facilitation services must be collected, remitted and filed by e-commerce operators that have been registered as taxable persons (pengusaha kena pajak/PKP in Indonesian). VAT payable is calculated using an alternative tax base (dasar pengenaan pajak/DPP in Indonesia) of 11/12 of the consideration, as prescribed under MoF Reg. 131/2024.
Similarly, MoF Reg. 50/2025 also outlines that VAT on crypto asset transaction verification services must be collected, remitted and filed by crypto asset miners that have been registered as taxable persons.
The VAT is collected and remitted at a certain amount, amounting to 20% multiplied by 11/12 of the rate outlined under Article 7 paragraph (1) subparagraph b of the VAT Law. Therefore, the effective VAT rate applicable to crypto asset verification services by miners amounts to 2.2%.
Promulgated on 28 July 2025, MoF Reg. 50/2025 is set to take effect on 1 August 2025. However, the provision on the imposition of income tax at statutory rates on income received by crypto asset miners is declared to become effective starting in the 2026 tax year.
Beyond the updates on crypto asset taxation, several other noteworthy developments merit attention. These include the amendment to the Minister of Finance Regulation (MoF Reg.) concerning the government-borne (ditanggung pemerintah/DTP in Indonesian) VAT incentive, the establishment of family offices and the revision of the MoF Reg. concerning the coretax system.
As specified under MoF Reg. 13/2025, the 100% government-borne VAT on houses is only valid from January to June 2025. To provide a legal basis for extending the 100% government-borne VAT on houses through year-end, Sri Mulyani is currently drafting a revision to MoF Reg. 13/2025.
“We have approved the 100% government-borne VAT incentive for housing, so we are currently in the process of amending the MoF Reg. to extend it until December,” she stated.
The Chairman of the National Economic Council (Dewan Ekonomi Nasional/DEN in Indonesian), Luhut Pandjaitan, confirmed that the government’s plan to establish a family office will soon be realised.
According to Luhut, the initiative to establish a family office is now awaiting President Prabowo Subianto’s decision, while a wide range of preparations for its establishment are already underway.
“We are continuing to pursue this. We expect that the President will issue a decision soon,” he said.
The government has once again amended several provisions under MoF Reg. 81/2024, this time through the issuance of MoF Reg. 54/2025.
Taking effect from 1 August 2025, the new regulation has been introduced to harmonise the provisions under MoF Reg. 81/2024 with recent changes in tax provisions on bullion business activities and imports of gold bullion as well as crypto asset trading transactions.
MoF Reg. 54/2025, in essence, removes specific articles under MoF Reg. 81/2024 pertaining to bullion business activities and imports of gold bullion as well as crypto asset trading transactions. These deletions have been conducted to ensure consistency with the latest tax regulations.
The Directorate General of Taxes (DGT) has signed cooperation agreements (perjanjian kerja sama/PKS in Indonesian) with the Directorate General of Mineral and Coal of the Ministry of Energy and Mineral Resources (Energi dan Sumber Daya Mineral/ESDM in Indonesian) and the Special Task Force for Upstream Oil and Gas Business (Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi/SKK Migas in Indonesian) to oversee state revenues, particularly from the mineral, coal and oil and gas mining sectors.
Director General of Taxes Bimo Wijayanto highlighted that these two cooperation agreements are intended to facilitate cross-agency data exchange. He views this collaboration as an effort to optimise state revenues from strategic sectors, such as mining, oil and gas.
“The signing of these cooperation agreements marks a milestone awaited since the start of the year. Good governance paves the way for increasingly aligned data reconciliation among the Ministry of Finance, the Ministry of Energy and Mineral Resources and SKK Migas,” he said in an official statement. (sap)
