Government Overhauls Crypto Tax Policy, Boosts Market Certainty

JAKARTA, investortrust.id – Authorities introduce updated tax measures for digital currencies, aiming to clarify obligations for local investors in a booming sector and highlighting the potential for stronger national revenue.

The Indonesian Ministry of Finance officially published Ministry of Finance Regulation (PMK) No. 11 of 2025 (PMK 11/2025), which took effect on Feb 4, 2025, and covered the new 12% value-added tax (VAT) implemented earlier in the year. Under the regulation, the government adjusted VAT parameters for crypto transactions. Sellers conducting transactions through registered Physical Crypto Asset Traders, known locally as PFAK, were subject to a [1% x (11/12)] x 12% rate applied to the transaction value. Meanwhile, those transacting through any other electronic platform without PFAK status faced a [2% x (11/12)] x 12% rate.

Speaking in a press statement, Tokocrypto Chief Marketing Officer (CMO) Wan Iqbal welcomed the latest regulation and said it offered greater legal certainty for Indonesia’s crypto industry. “We appreciate the regulator’s efforts in setting a clearer tax scheme that aligns with industry developments. This will boost transparency and public trust in crypto assets as part of the digital economy ecosystem,” he said on Thursday, Feb 20, 2025.

Tokocrypto, a fully licensed PFAK, adjusted its transaction tax rate to comply with PMK 11/2025. Effective Feb 20, 2025, Tokocrypto imposed a 0.11% VAT rate on all crypto trading activity executed on its platform. “We were committed to following existing regulations while offering the best service to our users. Clear guidelines help the crypto industry grow further and bring even greater benefits to Indonesia’s economy,” Iqbal added.

He also emphasized Tokocrypto’s ongoing efforts to increase public understanding and responsible investment in digital assets. “We realize that education and crypto literacy are crucial to building a healthy and sustainable crypto ecosystem. For that reason, we will continue to collaborate with various stakeholders to enhance the public’s knowledge about these assets,” he explained.

Crypto Tax Revenue on the Rise

According to the Directorate General of Taxes under Indonesia’s Ministry of Finance, the nation’s crypto-related tax revenues reached Rp 1.19 trillion by January 2025. Since it was first levied in 2022, crypto tax revenue had shown an overall upward trend.

In 2022, total tax collected stood at Rp 246.45 billion, but that number slipped to Rp 220.83 billion in 2023. The figure then surged significantly to Rp 620.4 billion in 2024, climbing to Rp 107.11 billion by January 2025 alone. “This growth reflected increased crypto transactions in Indonesia, fueled by higher public awareness of tax obligations and consistent government regulations,” Iqbal said.

With this new regulatory clarity, the government expected crypto transactions in Indonesia to keep growing, supported by a more transparent tax framework. The policy was also anticipated to attract more investors and encourage the sustainable development of Indonesia’s crypto asset industry.