The Directorate General of Taxes (DJP) under the Ministry of Finance reported that tax revenue from cryptocurrency transactions reached Rp1.71 trillion from 2022 through the end of September 2025. This highlights the significant contribution of the crypto sector to national revenue amid the rapid growth of Indonesia’s digital economy.

According to DJP data cited by Pajak.com on October 23, 2025, the total revenue consists of Rp836.36 billion from Income Tax (PPh) Article 22 and Rp872.62 billion from Domestic Value Added Tax (PPN DN).

Annual Trends Show Increasing Role of Digital Economy

Looking at annual trends, tax collections were Rp246.45 billion in 2022, Rp220.83 billion in 2023, Rp620.4 billion in 2024, and Rp621.3 billion from January to September 2025.

Rosmauli, Director of Public Relations at DJP, said, "The realization of Rp42.53 trillion demonstrates that the digital sector has become a new engine for Indonesia's tax revenue."

She added that the government is committed to strengthening a tax system that adapts to digital economy developments, covering e-commerce (PMSE), fintech, and cryptocurrencies to remain fair, efficient, and aligned with global technological progress.

By September 30, 2025, total tax revenue from the digital economy reached Rp42.53 trillion. This included Rp32.94 trillion from e-commerce VAT, Rp1.71 trillion from crypto tax, Rp4.1 trillion from peer-to-peer lending, and Rp3.78 trillion collected through the Government Procurement Information System (Pajak SIPP).

New Regulation Changes Cryptocurrency Tax

On August 1, 2025, Indonesia implemented Minister of Finance Regulation No. 50/2025 regarding VAT and Income Tax for crypto transactions.

Under this regulation, VAT on crypto transactions is officially removed. Instead, income tax rates on earnings from crypto transactions are significantly increased and will fully apply in the 2026 tax year.

The regulation states that all parties earning income from crypto activities, including sellers, trading platform operators, and miners, are subject to PPh Article 22 at 0.21%. This rate is more than double the previous 0.1% under PMK 68/2022 for transactions on licensed platforms.

This change reflects the transition of crypto assets from commodities to digital financial instruments, coinciding with the transfer of oversight from Bappebti to the Financial Services Authority (OJK) in January 2025.

Local Crypto Ecosystem Continues Growing

Hasan Fawzi, Head of OJK’s Innovation Supervision for Financial Technology, Digital Assets, and Crypto, reported rapid growth in Indonesia’s crypto ecosystem.

By September 2025, 1,421 cryptocurrencies were tradable in Indonesia across 28 licensed entities, including one crypto exchange, one clearing institution, two crypto custodians, and 24 crypto traders.

The number of users reached 18.08 million by August 2025, a 9.57% increase from the previous month’s 16.5 million.

However, the total transaction value decreased by 14.53% in September 2025 to Rp38.64 trillion, compared to Rp45.21 trillion in August. Despite this, cumulative transactions for the year reached Rp360.30 trillion.

PHOTO: UNSPLASH

This article was created with AI assistance.