Indonesian regulator calls for rethinking crypto tax rates

Indonesia's cryptocurrency regulatory agency, the Commodity Futures Trading Regulatory Agency (Bappebti), has called on the Minister of Finance to reconsider the tax rate for digital assets. Cryptocurrencies are considered commodities in Southeast Asian countries, so they are subject to value-added tax (VAT) and income tax. However, when cryptocurrency regulatory authority is transferred to the country's financial services regulatory agency, OJK, in 2025, cryptocurrencies may be considered securities in the country. Bappebti also stated that the digital asset industry is still in its early stages and needs room for growth before making a significant tax contribution to the country's revenue.