Indonesia’s crypto tax revenue fluctuates amid market volatility, policy shifts, and rising rates as the government implements stricter regulations in 2025.
Indonesia’s crypto tax revenues have shown sharp fluctuations since their introduction in 2022. According to a recent report, the government collected IDR 24.6 billion in 2022. This value increased sharply in 2024 to IDR 62 billion. But it also showed a significant decline in 2023, with tax revenue decreasing to IDR 22 billion. As of the year 2025, the year-to-date revenue totals IDR 11.5 billion.
Crypto Tax Income Drops to IDR 115 Billion in 2025
According to the officials of the Directorate General of Taxes (DGT), the revenue in terms of crypto taxes is greatly reliant on the market conditions. At the initial stage, the Ministry of Finance has applied Final Value Added Tax (VAT) and Article 22 Income Tax (PPh) to transact crypto commodities. Such was done within the wider tax system under different Ministerial Regulations (PMK).
Recently, the Director General of Taxes, Bimo Wijayanto, stated that crypto tax has always generated revenue of IDR 500-600 billion annually. This has been realized by ensuring the implementation of tax policies, which has been in the process of being implemented within the last two to three years.
Additional information was given by Hestu Yoga Saksama, the Director of Tax Regulations I in the DGT. He added that the tax revenue in the first year (2022) alone is Rp 246 billion. This decreased a little to Rp 220 billion in 2023 and again increased to Rp 620 billion in 2024.
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However, in 2025, the amount collected annually is already projected to reach only IDR 115 billion. The drop can be attributed to the current instability of the crypto market. The crypto assets (Bitcoin) are characterized by volatility in prices, and this directly affects the trading and tax revenue.
Indonesia Increases Local Crypto Tax to 0.21%
In response to these trends, the Ministry of Finance declared a significant change in the crypto taxation policy. New tax rates will take effect beginning August 1, 2025. These changes are meant to make crypto more financial as opposed to commodities. The tax on selling crypto through local platforms has increased to 0.21 percent, up from the previous 0.1 percent. In contrast, authorities have raised the tax on foreign platforms to 1 percent, marking a fivefold jump from 0.2 percent. This change signals a policy shift aimed at encouraging the use of local exchanges. As a result, users may reconsider their platform choices due to the widened tax gap.
Analysts pointed out that the worth of crypto assets and the subsequent tax collecting value thereof might either increase or decrease, depending on market interest. This is because the cryptocurrency market is unpredictable, which makes the revenue uneven.
In order to facilitate these changes, the Ministry of Finance published some new regulations. These are PMK Number 50 of 2025 (pertaining to VAT and income tax on crypto transactions), PMK Number 53 of 2025 (amending the previous provisions on VAT), and PMK Number 54 of 2025 (concentrating on the core implementation of the tax system).
Yon Arsal, Expert Staff of Tax Compliance, stressed on inter-agency coordination. The government is trying to align its rules with the Financial Services Authority (OJK), which oversees crypto-related financial activities.
Future income will be highly dependent on investor behavior, international prices, and regulatory transparency as Indonesia keeps to regulate this rapidly changing sector.
