Reformulation of Article-22 PPhfor Crypto Asset Transactions and Bullion Business Activities

The Ministry of Finance (Kementerian Keuangan – “Kemenkeu”) will soon issue two new regulations related to the adjustment of Article-22 Income Tax (Pajak Penghasilan – “PPh”) on bullion business activities and crypto asset transactions. Expert Staff for Tax Compliance at Kemenkeu, Yon Arsal explained that the preparation of the two regulations was intended to overcome inefficiencies in the implementation of Regulation of the Minister of Finance (Peraturan Menteri Keuangan – “PMK”) No. 11 of 2025 on Provisions on Other Values ​​as Tax Bases and Certain Amounts of Value-Added Tax (“PMK 11/2025”) which could give the impression of mutual collection.

“The administrative harmonization process has been completed, including the RPMK for crypto asset transactions, which is a package that we are pursuing for completion this year,” Yon told Hukumonline.

This adjustment also aims to strengthen sustainable revenue through targeted tax mechanisms, without burdening business actors excessively. Thus, business actors can remap the potential for tax levies in the distribution supply chain and transactions.

"We want the development of the bullion industry and crypto assets to survive and grow, so in these two PMK we regulate them in such a way as to streamline all kinds of processes," explained Yon.