August 1, 2025 | 04:22 pm
TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati has issued the latest tax provisions for crypto assets, outlined in the Finance Minister's Regulation (PMK) Number 50 of 2025. The regulations cover Value Added Tax (VAT) and Income Tax (PIT) on crypto asset trading.
"This Ministerial Regulation shall come into effect on August 1, 2025," explicitly states Article 28 of PMK Number 50 of 2025.
Key Points of the New Crypto Tax Regulations
Crypto Sales Exempt from VAT
Article 2 of PMK Number 50 of 2025 equates the delivery of crypto assets to securities, meaning crypto assets are not subject to VAT.
However, VAT does apply to services related to crypto transactions. VAT is imposed on services provided by trading organizers that facilitate crypto transactions through electronic systems. Additionally, VAT is also levied on transaction verification services provided by crypto asset miners.
VAT on Crypto Transaction Services
Services involving the provision of electronic facilities for crypto asset transactions encompass various activities. These include services for buying and selling crypto assets using fiat currency and the exchange of one crypto asset for another (swaps).
Article 3 of PMK Number 50 of 2025 further specifies that these services include electronic wallet (e-wallet) activities, such as deposits, withdrawals, transfers of crypto assets to other accounts, and the provision or management of crypto asset storage media.
"The Value Added Tax due on the delivery of Electronic Facility provision services as referred to in Article 2 paragraph (2) letter a must be collected, deposited, and reported by Trading Organizers Through Electronic Systems," mandates Article 4 paragraph (1).
The VAT rate is calculated by multiplying the 12 percent standard rate by the tax base (Taxable Goods Sales Value). This Taxable Goods Sales Value is further derived as 11/12 of the compensation received.
"The compensation referred to in paragraph (2) is in the form of a commission or remuneration under any name and in any form," clarifies Article 5 paragraph (3).
VAT on Crypto Transaction Verification Services
Value Added Tax is also imposed on services for verifying crypto asset transactions performed by miners. The tax amount is set at 20 percent multiplied by 11/12 of the standard VAT rate, then applied to the tax base, which is the compensation received.
"The compensation referred to in paragraph (2) is in the form of money for crypto assets received by crypto asset miners, including crypto assets received from the crypto asset system (block reward)," details Article 8 paragraph (3).
Increased Article 22 Income Tax Rate
Article 22 Income Tax is levied on income derived by sellers, electronic system trading organizers, or crypto asset miners. The Article 22 Income Tax rate has been set at 0.21 percent of the total crypto asset transaction value.
This represents an increase from previous regulations; specifically, Ministerial Regulation Number 68 of 2022 stipulated an Article 22 Income Tax rate of 0.1 percent.
Editor’s Choice: Crypto Asset Sales No Longer Subject to VAT Under New Finance Ministry Rule
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