Sun .
22 Dec . 2024
Indonesia is considering tax cuts for crypto activists and traders.
According to published reports, Indonesia's Commodity Futures Trading Regulatory Authority (Bappebti) has asked the country's Ministry of Finance to re-evaluate its stance on digital currency taxation.
According to published reports, Indonesia's Commodity Futures Trading Regulatory Authority (Bappebti) has asked the country's Ministry of Finance to re-evaluate its stance on digital currency taxation.
According to a recent report by a local media outlet, Bappebti executives are appealing the government's value-added tax (VAT) of 0.11 percent on every cryptocurrency transaction, as well as the 0.1 percent income tax on digital currencies. have presented in Indonesia.
Mr. Tirtha Karma Sanjaya, Head of Market Development and Expansion Office at Bappebti, explained the reason for this request as cryptocurrencies are expected to become an integral part of Indonesia's macro economy in the near future.
In January, Surio Otomo, director-general of taxation at the Indonesian Ministry of Finance, reported collecting IDR 71.7 billion from taxes on cryptocurrencies and fintech service businesses. He clarified that IDR 39.13 billion ($2,492,047.15) was from crypto tax, while fintech tax amounted to IDR 32.59 billion ($2,075,538.37).
Source https://cointelegraph.com/news/indonesia-crypto-tax-bappebti-report
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