Indonesia's Crypto Tax Revenues Demonstrate Cryptocurrency Market Fluctuations
Indonesia's foray into cryptocurrency taxation began in 2022, with the collection of IDR 246 billion in crypto tax revenue. The following year, the figure dipped slightly to IDR 220 billion, but a significant surge was seen in 2024, with tax revenues peaking at a record-breaking IDR 620 billion[2].
The crypto market's volatility has a direct impact on Indonesia's crypto tax earnings. High trading periods lead to increased tax revenues, while slow periods result in decreased earnings. This unpredictable nature makes the crypto tax income unstable and difficult to rely on consistently[3].
Indonesia's Directorate General of Taxes (DJP) acknowledges this instability, stating that it is due to the unpredictable nature of the crypto market[4]. The future of Indonesia's crypto tax earnings is subject to the changes in the crypto market[5].
In 2025, the tax rate for crypto transactions was increased to 0.21% to further consolidate tax intake from cryptocurrency transactions[1][2]. However, specific monthly or quarterly figures for 2025 are not yet available.
Indonesia is one of the first countries in the region to start taxing digital assets. It imposes a 0.1% income tax and a 0.11% value-added tax (VAT) on every crypto trade[6].
Experts suggest that Indonesia should not only collect taxes but also establish clear rules to ensure the safety and fairness of the crypto space[7]. As the market evolves, so will Indonesia's approach to taxing crypto trades.
So far in 2025, Indonesia has collected IDR 11.5 billion in crypto tax. The potential for future growth lies in the increasing involvement of young people in crypto[8].
In 2022, Indonesia collected IDR 24.6 billion in crypto tax, and in 2023, the figure was IDR 22 billion. In 2024, Indonesia collected IDR 62 billion in crypto tax[2]. Despite the unpredictable nature of the crypto market, it is clear that crypto is here to stay, and Indonesia is making efforts to keep up with its taxation.
- The unpredictable nature of the crypto market, as seen in the volatile trading periods, greatly influences the amount of crypto tax revenue collected by Indonesia.
- To consolidate tax intake from cryptocurrency transactions, Indonesia increased the tax rate for crypto transactions to 0.21% in 2025.
- As the crypto market continues to evolve, Indonesia's approach to taxing crypto trades might adapt, reflecting the need for clear rules to ensure the safety and fairness of the crypto space.
