It is reported that the Indonesian government It is planning to charge 0.1% Capital Gain Tax on crypto investments as well as VAT or VAT on digital asset transactions. Starting May 1
As reported by Reuters on Friday, Indonesia’s tax office spokesman Hestu Yoga Saksama.said country will charge “Income Tax and VAT” on Crypto Assets “Because they are goods as defined by the Ministry of Trade” and “not currency”.
The Indonesian Commodity Futures Trading Regulator, also known as Bappebti. confirmIt was reported that as of February 2022, crypto transactions in the country reached Rp83.8 trillion, or approximately $5.8 billion. Additionally, the number of crypto holders increased by more than 11%, from 11.2 million in 2021 to 12.4 million.
Indonesian government officialsSeveral crypto transactions have been considered taxation, with Bappebti accepting more than 200 cryptocurrencies as commodities. It can be legally traded in December 2020 and 13 exchange companies are licensed crypto businesses in February 2021.
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