Indonesia’s Crypto Tax Revenue Surges to $36.4m Ahead of 0.1% to 0.8% Raise

Indonesia’s $38M Crypto Tax Rise Sparks Innovation Concerns

Indonesia’s crypto tax revenue surged to $37.98M in 2024, nearly tripling from 2023. Higher taxes and tight rules may drive users and startups to offshore platforms. Regulatory shifts aim for control but risk slowing innovation and local market growth. Indonesia’s crypto tax revenue climbed to 620 billion rupiah ($37.98 million) in 2024, nearly  tripling from the previous year’s $13.42 million. The government attributes the rise to increased tra…

Indonesia’s crypto tax revenue surges to $36.4m ahead of 0.1% to 0.8% raise

Indonesia’s crypto tax revenue continues to rise, reaching as high as $36.40 million yearly. The government is preparing to hike up the tax rate for crypto transactions this month. According to data from the Directorate General of Taxes reported by…

Indonesia Crypto Tax Revenue Sees Remarkable Surge To $3.78 Million

BitcoinWorld Indonesia Crypto Tax Revenue Sees Remarkable Surge to $3.78 Million The world of cryptocurrency is dynamic, full of innovation, and increasingly, a source of significant government revenue. In a recent development that highlights this trend, Indonesia has emerged as a noteworthy player in the digital asset taxation landscape. The Southeast Asian nation has reported a substantial increase in its tax collection from crypto transaction…