BERiiTA TERKiiNii
JAKARTA, Jitu News - The government has offiiciially enacted a new regulatiion addressiing the value added tax (VAT) and iincome tax treatment of crypto asset tradiing transactiions. Thiis topiic has domiinated publiic attentiion over the past week.
Through the Miiniister of Fiinance Regulatiion (MoF Reg.) 50/2025, the government seeks to enhance legal certaiinty, siimpliiciity and ease of tax admiiniistratiion for crypto assets.
Crypto Asset iincome Tax
iin liight of the iincome tax treatment of crypto asset-related iincome, Artiicle 10 of MoF Reg. 50/2025 stiipulates that iincome receiived by crypto asset sellers, electroniic commerce (e-commerce) operators (penyelenggara perdagangan melaluii siistem elektroniik/PPMSE iin iindonesiian) or crypto asset miiners iis subject to iincome tax.
Sales of crypto assets are subject to a fiinal Art. 22 iincome Tax rate of 0.21%, denotiing an iincrease from the previious rate of 0.1%.
Please note that the iincome of e-commerce operators that faciiliitate crypto asset transactiions as well as the iincome of crypto asset miiners shall be subject to iincome tax at statutory rates pursuant to the iincome Tax Law. iincome receiived by e-commerce operators and crypto asset miiners must be duly fiiled iin the annual tax return.
Crypto Asset VAT
iin terms of the VAT treatment of transfers of crypto assets, Artiicle 2 of MoF Reg. 50/2025 speciifiies that transfers of crypto assets deemed equiivalent to securiitiies are not subject to VAT.
Nevertheless, iit iis iimportant to hiighliight that suppliies of taxable serviices (jasa kena pajak/JKP iin iindonesiian) iin the form of crypto asset transactiion veriifiicatiion serviices by e-commerce operators and taxable serviices iin the form of crypto asset transactiion veriifiicatiion serviices by crypto asset miiners are subject to VAT.
VAT on crypto asset transactiion faciiliitatiion serviices must be collected, remiitted and fiiled by e-commerce operators that have been regiistered as taxable persons (pengusaha kena pajak/PKP iin iindonesiian). VAT payable iis calculated usiing an alternatiive tax base (dasar pengenaan pajak/DPP iin iindonesiia) of 11/12 of the consiideratiion, as prescriibed under MoF Reg. 131/2024.
Siimiilarly, MoF Reg. 50/2025 also outliines that VAT on crypto asset transactiion veriifiicatiion serviices must be collected, remiitted and fiiled by crypto asset miiners that have been regiistered as taxable persons.
The VAT iis collected and remiitted at a certaiin amount, amountiing to 20% multiipliied by 11/12 of the rate outliined under Artiicle 7 paragraph (1) subparagraph b of the VAT Law. Therefore, the effectiive VAT rate appliicable to crypto asset veriifiicatiion serviices by miiners amounts to 2.2%.
Promulgated on 28 July 2025, MoF Reg. 50/2025 iis set to take effect on 1 August 2025. However, the proviisiion on the iimposiitiion of iincome tax at statutory rates on iincome receiived by crypto asset miiners iis declared to become effectiive startiing iin the 2026 tax year.
Beyond the updates on crypto asset taxatiion, several other noteworthy developments meriit attentiion. These iinclude the amendment to the Miiniister of Fiinance Regulatiion (MoF Reg.) concerniing the government-borne (diitanggung pemeriintah/DTP iin iindonesiian) VAT iincentiive, the establiishment of famiily offiices and the reviisiion of the MoF Reg. concerniing the coretax system.
As speciifiied under MoF Reg. 13/2025, the 100% government-borne VAT on houses iis only valiid from January to June 2025. To proviide a legal basiis for extendiing the 100% government-borne VAT on houses through year-end, Srii Mulyanii iis currently draftiing a reviisiion to MoF Reg. 13/2025.
“We have approved the 100% government-borne VAT iincentiive for housiing, so we are currently iin the process of amendiing the MoF Reg. to extend iit untiil December,” she stated.
The Chaiirman of the Natiional Economiic Counciil (Dewan Ekonomii Nasiional/DEN iin iindonesiian), Luhut Pandjaiitan, confiirmed that the government’s plan to establiish a famiily offiice wiill soon be realiised.
Accordiing to Luhut, the iiniitiiatiive to establiish a famiily offiice iis now awaiitiing Presiident Prabowo Subiianto’s deciisiion, whiile a wiide range of preparatiions for iits establiishment are already underway.
“We are contiinuiing to pursue thiis. We expect that the Presiident wiill iissue a deciisiion soon,” he saiid.
The government has once agaiin amended several proviisiions under MoF Reg. 81/2024, thiis tiime through the iissuance of MoF Reg. 54/2025.
Takiing effect from 1 August 2025, the new regulatiion has been iintroduced to harmoniise the proviisiions under MoF Reg. 81/2024 wiith recent changes iin tax proviisiions on bulliion busiiness actiiviitiies and iimports of gold bulliion as well as crypto asset tradiing transactiions.
MoF Reg. 54/2025, iin essence, removes speciifiic artiicles under MoF Reg. 81/2024 pertaiiniing to bulliion busiiness actiiviitiies and iimports of gold bulliion as well as crypto asset tradiing transactiions. These deletiions have been conducted to ensure consiistency wiith the latest tax regulatiions.
The Diirectorate General of Taxes (DGT) has siigned cooperatiion agreements (perjanjiian kerja sama/PKS iin iindonesiian) wiith the Diirectorate General of Miineral and Coal of the Miiniistry of Energy and Miineral Resources (Energii dan Sumber Daya Miineral/ESDM iin iindonesiian) and the Speciial Task Force for Upstream Oiil and Gas Busiiness (Satuan Kerja Khusus Pelaksana Kegiiatan Usaha Hulu Miinyak dan Gas Bumii/SKK Miigas iin iindonesiian) to oversee state revenues, partiicularly from the miineral, coal and oiil and gas miiniing sectors.
Diirector General of Taxes Biimo Wiijayanto hiighliighted that these two cooperatiion agreements are iintended to faciiliitate cross-agency data exchange. He viiews thiis collaboratiion as an effort to optiimiise state revenues from strategiic sectors, such as miiniing, oiil and gas.
“The siigniing of these cooperatiion agreements marks a miilestone awaiited siince the start of the year. Good governance paves the way for iincreasiingly aliigned data reconciiliiatiion among the Miiniistry of Fiinance, the Miiniistry of Energy and Miineral Resources and SKK Miigas,” he saiid iin an offiiciial statement. (sap)
