JAKARTA - The government through the Ministry of Finance noted that tax revenues from crypto assets reached IDR 1.61 trillion until August 2025. This figure shows a very good upward trend since crypto tax regulations were implemented in 2022.
The Directorate General of Taxes (DGT) detailed that the receipts came from Rp246.45 billion in 2022, Rp220.83 billion in 2023, Rp620.4 billion in 2024, and Rp522.82 billion in the first eight months of 2025.
The total receipt consists of Income Tax (PPh) 22 amounting to Rp770.42 billion and Domestic Value Added Tax (VAT) of Rp840.08 billion.
This achievement is proof that crypto assets have developed from just an investment alternative to a sector that has contributed significantly to state revenue.
In addition to national data, INDODAX as the largest crypto asset exchange in Indonesia also recorded a significant contribution in tax revenues. Based on INDODAX's internal records, taxes deposited into the country are as follows:
2022: VAT Rp60.04 billion, PPh Rp54.58 billion (a total of Rp114.63 billion)was 2023: VAT Rp47.91 billion, PPh Rp43.56 billion (a total of Rp91.47 billion)was 2024: VAT Rp150.74 billion, PPh Rp133.20 billion (a total of Rp283.95 billion)
Thus, INDODAX's tax contribution in January 'August 2025 reached IDR 265.4 billion, equivalent to about 50.7 percent of the total national crypto tax revenue in the same period.
INDODAX Vice President, Antony Kusuma, assessed that this achievement is clear evidence of the role of the crypto industry in supporting the country's fiscals.
"INDODAX's contribution which reaches more than half of the total national crypto tax shows the importance of the role of domestic exchanges in this ecosystem. This figure is not just a nominal, but a reflection of the wider level of public adoption and the crypto industry's commitment to regulatory compliance in Indonesia," said Antony, in his statement, quoted on Saturday, October 4.
Antony added that when tax regulations are in line with digital asset characteristics, the impact will not only increase investor confidence, but also on the growth of healthier and more transparent transaction volume on local exchanges.
Furthermore, Antony emphasized that crypto tax revenues should be seen as an indicator of the legitimacy of the crypto industry.
"The higher the contribution to the state treasury, the clearer it is that crypto investment is no longer just a trend, but an official part of Indonesia's digital financial system. Consistent regulations will make Indonesia one of the largest digital asset trading centers in the region," he said.
Antony also closed by affirming INDODAX's commitment to supporting government policies.
"For us, crypto taxes are a bridge that brings together the interests of the country and industry. As long as this synergy is maintained, the contribution of crypto to the Indonesian economy will be even greater," he concluded.
With crypto tax revenues that penetrated Rp1.61 trillion until August 2025, Indonesia's digital asset industry is now proven not only as a means of investment, but also as a support for national fiscals.
As crypto tax contributions increase, the global market also shows positive dynamics. Bitcoin (BTC) prices broke through $120,000, according to CoinMarketCap and TradingView data.
The spike was driven by the volume of Bitcoin spot ETF trading which reached 5 billion US dollars a day as well as institutional inflows worth 676 million US dollars, with BlackRock iShares Bitcoin Trust (IBIT) absorbing 405 million US dollars and Fidelity adding 1,570 BTC worth 179 million US dollars.
Technically, Bitcoin is now entering the price discovery' phase with the potential for an increase towards US$128,000135,000 (Rp2.1 Rp2.3 billion). However, analysts warn of an important support zone at US$110,000 (Rp1.8 billion).
The combination of solid national crypto tax revenues and the trend of rising global Bitcoin prices confirms that the crypto industry is now playing a strategic role, both in supporting state fiscals, providing good investment potential, and as part of the world's digital economy ecosystem.
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