Indonesia’s cryptocurrency tax revenue has seen a significant increase, with the Directorate General of Taxes (DGT) collecting IDR 500–600 billion annually, according to DGT Director General Bimo Wijayanto.
Wijayanto stated that there has been a consistent increase in crypto tax revenue since May 2022 while speaking at a briefing on July 31, 2025, at the Directorate General of Taxes (DGT) office. The government introduced a 0.11% Value Added Tax (VAT) and a 0.1% Income Tax (PPh) on crypto transactions through the Minister of Finance Regulation (PMK) Number 68/2022.
Hestu Yoga Saksama, the Director of Tax Regulations I at the DGT, has outlined the revenue trend, according to reports by tirto.id. In 2022, the revenue was projected at IDR 246 billion. Indonesia’s crypto tax revenue dropped slightly to IDR 220 billion in 2023 but is expected to jump to IDR 620 billion in 2024.
For 2025, it’s predicted to fall to IDR 115 billion because the crypto market can be very unpredictable. Hestu Yoga Saksama explained that crypto is a long-term investment, and its revenue changes with market fluctuations.
New 2025 Regulations
The Indonesian Ministry of Finance has introduced three new rules starting today, August 1, 2025, to better manage crypto taxes. PMK Number 50 sets taxes on crypto trading, PMK Number 53 updates how taxes are calculated, and PMK Number 54 improves the tax collection system. These changes help regulate crypto as a financial asset.
Cryptocurrency is now classified as a financial asset under the Financial Services Authority (OJK), shifting from its previous designation as a commodity. Yon Arsal, Expert Staff to the Minister of Finance for Tax Compliance, emphasized the importance of improved coordination with OJK to monitor crypto transactions, with the aim of increasing compliance and revenue.
The new regulations will raise taxes by 0.21% for domestic exchange transactions and 1% for overseas platforms, while exempting buyers from VAT. With crypto transactions expected to reach IDR 650 trillion in 2024, Indonesia is solidifying its position as a significant player in the global digital asset market.
Also Read: Indonesia Increases Crypto Tax Rates for Traders and Miners
