Crypto Industry Contributes Taxes Of IDR 1.2 Trillion, Evidence Of The Strategic Role Of Digital Assets In The National Economy

JAKARTA - The digital industry continues to show a real contribution to state revenues. Until March 2025, the fintech sector and digital assets collectively contributed taxes of Rp35 trillion. This figure reflects the increasingly integrated digital sector in the Indonesian formal economic ecosystem.

The largest contribution came from the collection of Value Added Tax (VAT) for Electronic Systems (PMSE) amounting to Rp27.48 trillion. Followed by fintech tax (peer-to-peer lending) of Rp3.28 trillion, crypto tax of Rp1.2 trillion, and taxes from goods/service procurement transactions through the Government Procurement Information System (SIPP) amounting to Rp2.94 trillion.

According to data from the Directorate General of Taxes (DJP), specifically, crypto taxes have contributed IDR 1.2 trillion until March 2025. The details come from IDR 246.45 billion in 2022, IDR 220.83 billion in 2023, IDR 620.4 billion throughout 2024, and IDR 115.1 billion during the first quarter of 2025.

The crypto tax revenue consists of two main components, namely Rp560.61 billion from PPh 22 for crypto sales transactions on exchangers, and Rp642.17 billion from domestic VAT on crypto purchase transactions on exchanges.

According to internal INDODAX data, the tax contribution from this platform continues to show a positive trend from year to year.

Cumulatively, the total contribution of INDODAX taxes from 2023 to March 2025 reached IDR 463.2 billion. INDODAX contributed around 38.6 percent of the total national crypto tax revenue of IDR 1.2 trillion in the same period.

This confirms the role of INDODAX as a major actor in the crypto asset trading industry in Indonesia.

INDODAX CEO, Oscar Darmawan, positively welcomed the crypto contribution to state taxes which signifies important progress in efforts to make digital assets part of the official economic ecosystem.

"The fact that this industry has contributed more than one trillion rupiah in taxes shows that crypto is no longer an ordinary industry," Oscar said in a statement, Thursday, May 15.

According to him, this success cannot be separated from the synergy between regulators, industry players, and the active participation of the community who are increasingly familiar with the potential of digital assets. On the market side, the price of Bitcoin has again touched the level of 100,000 US dollars. This is a good signal, having previously experienced pressure due to global macroeconomic uncertainty.

This price increase came after the Federal Open Market Committee (FOMC) decision to maintain the Fed's interest rate at the level of 4.5 percent. The crypto market, known to be responsive to global monetary policy, showed positive movement in response to the decision, reflecting market participants' optimistic sentiment towards interest rate stability in the near future.

Oscar considers that the current Bitcoin price movement is not just speculation, but a reflection of market confidence in the long-term value of blockchain technology and digital assets.

"The increase in the price of Bitcoin which touched 100,000 US dollars is the result of the accumulation of positive sentiment and a strengthened fundamental factor," he explained.

He added that investors should not be carried away by the euphoria for a moment. The most important thing is to understand asset characteristics and use long-term strategies such as Dollar Cost Averaging (DCA) to build a portfolio in a sustainable manner. However, Oscar reminded that volatility remains part of the dynamics of the crypto market.

Therefore, it is important for novice investors to understand risks, read whitepaper projects, and only buy assets from exchangers registered officially with the OJK. Oscar also encourages the government to make this tax achievement a foothold to form more adaptive policies and support industrial growth.

According to him, healthy regulations are those that do not curb innovation, but still guarantee consumer protection.

"When the industry has complied with paying taxes and carrying out KYC and AML obligations properly, the government also needs to provide space for innovation and encourage cross-sector collaboration," he said.

He believes that Indonesia has great potential to become a center for crypto and blockchain innovation in Southeast Asia with support for young demographics, high internet penetration, and an active community of developers.