TEMPO.CO, Jakarta - The government has introduced a new tax regulation on crypto assets. This regulation, signed by Finance Minister Sri Mulyani on July 25, 2025, will take effect on August 1, 2025.
One of the main objectives behind the issuance of Minister of Finance Regulation (PMK) Number 50 of 2025 on Value Added Tax (VAT) and Income Tax (PIT) for crypto asset trading is to ensure legal certainty in financial transactions involving crypto assets.
The regulation states that adjustments are needed to simplify the processes of tax collection, payment, and reporting related to crypto asset trading.
Crypto Asset Sales Exempt from VAT
According to the new regulation, the sale or transfer of crypto assets is no longer subject to VAT. This is clearly outlined in Chapter II, Article 2, Paragraph 1 of PMK 50/2025, which states that "The transfer of Crypto Assets equated to securities is not subject to Value Added Tax."
As a result, crypto assets are now classified similarly to securities and are not considered taxable goods, which were previously subject to VAT. However, although the sale of crypto assets is VAT-exempt, some related services will remain taxable.
VAT Applies to Certain Service Providers
Still within the same article, Paragraph 2 explains that VAT will apply to taxable services such as the provision of electronic platforms for trading crypto assets by Electronic Trading System Providers (ETSPs), as well as verification services performed by crypto asset miners.
In addition, VAT applies to services provided by electronic facility operators that enable crypto asset transactions. These include crypto-to-fiat trading, asset swaps, use of digital wallets for deposits, withdrawals, transfers, and storage or custody of crypto assets.
The applicable VAT rate for these services is 11%, calculated using the formula in PMK 131/2024 based on the 12% VAT rate multiplied by a factor of 11/12.
Income Tax Rate Raised
The new regulation also imposes income tax on individuals and entities earning income from crypto asset transactions. This includes income received by sellers of crypto assets, ETSPs, and crypto asset miners.
Taxable income includes transactions involving fiat currencies, crypto-to-crypto exchanges (swaps), and other digital transactions processed by ETSPs.
Under the updated regulation, the Article 22 Income Tax rate on income from crypto assets has been raised from 0.1% to 0.21%. This tax is final and applies to the gross income from the relevant crypto-related activities.
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