Indonesia Hikes Crypto Taxes Up to 5x Starting August 1, Mining VAT Doubles to 2.2%
Indonesia has implemented sweeping crypto tax increases effective August 1, raising transaction taxes up to five times higher while doubling mining VAT rates, as the government seeks to capture more revenue from the booming $39.67 billion crypto market. According to Reuters, the new finance ministry regulation increases taxes on domestic crypto sales from 0.1% to…
