Government Sets New Crypto Tax, Tokocrypto Highlights Justice And Incentives

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JAKARTA - The Indonesian government through the Ministry of Finance has officially set a new tax scheme for crypto asset transactions which will take effect on August 1, 2025.

In the Minister of Finance Regulation (PMK) Number 50 of 2025, the final Income Tax (PPh) rate for crypto transactions is set at 0.21 percent for domestic trading, and 1 percent for transactions with foreign platforms.

Tokocrypto CEO, Calvin Kizana appreciated the government's new policy. However, according to him, crypto tax rates are still higher than the stock market, and the final income tax system is considered unfair because it is still imposed even though investors suffer losses.

"In the future, we hope that the tax scheme can more reflect the principle of justice in the digital economy," Calvin said in a written statement quoted on Sunday, August 3.

Differences In Crypto Taxes In Other Countries

Tokocrypto also highlighted how Indonesia's crypto tax policy is different from a number of other countries. As in India, they still impose a high tariff of 30 percent and have not opened up opportunities for Bitcoin ETF.

In the US, Donald Trump proposed eliminating capital gain taxes on cryptocurrencies to encourage adoption. Meanwhile, Thailand waives a personal income tax for local exchange users until 2029, as an effort to strengthen its position as a crypto hub in Southeast Asia.

Overall, the Indonesian government hopes that this new policy can strengthen the position of the national crypto industry, as well as create a healthier and more competitive investment climate at the global level.

"We hope that this more flexible and adaptive tax policy can be the foundation for the growth of a healthy crypto ecosystem in Indonesia," Calvin said in a statement quoted on Sunday, August 3.

Di sisi lain, Calvin juga mendorong agar pemerintah mempertimbangkan pemberian insentif fiskal bagi pelaku industri kripto nasional.

Dengan demikian, insentif fiskal ini diharapkan dapat mendukung inovasi, penciptaan lapangan kerja, dan kontribusi terhadap inklusi keuangan digital di Indonesia.

On the other hand, Calvin also encouraged the government to consider providing fiscal incentives for national crypto industry players.

Thus, this fiscal incentive is expected to support innovation, job creation, and contributions to digital financial inclusion in Indonesia.