Ministry of Finance Reorganizes Crypto Asset Transaction Tax

The Ministry of Finance (“Ministry”) will soon adjust the tax provisions on crypto asset levies. The Director of Education, Services, and Public Relations of the Directorate-General of Tax of the Ministry of Finance (Director-General) Dwi Astuti revealed that these provisions will be outlined in the Draft Regulation of the Minister of Finance (“Regulation”) related to Value Added Tax (Pajak Pertambahan Nilai - “PPN”) dan and Income Tax (Pajak Penghasilan - “PPh”) on cryptocurrency trading transactions.

“Currently, it is still under discussion among Ministries and Agencies. Given the change in the status of cryptocurrency, which was previously categorized as a commodity, it is now classified as a digital financial asset, and its supervision has been transferred to the Financial Services Authority (Otoritas Jasa Keuangan - “OJK”)” Dwi told Hukumonline.

The drafting of this regulation is intended to address inefficiencies in the application of Regulation No. 11 of 2025 on Provisions on Other Values as the Basis for Tax Imposition and Certain Amounts of Value-Added Tax (“Regulation 11/2025”). This has created the impression of “double taxation,” especially in the transaction chain of derivative financial assets such as digital gold and cryptocurrency.

The cryptocurrency tax rate currently still follows the provisions of Regulation Number 3 of 2022, which classifies cryptocurrency as a commodity asset.