According to monitoring by the Indonesian Taxation Bureau, the annual cryptocurrency tax revenue in Indonesia ranges from 50 billion to 60 billion Indonesian rupiah (approximately 31.25 million to 36.4 million US dollars). When first implemented in 2022, the tax revenue was 24.6 billion Indonesian rupiah (approximately 15 million US dollars), which decreased to 22 billion Indonesian rupiah (approximately 13.42 million US dollars) in 2023 and significantly increased to 62 billion Indonesian rupiah (approximately 37.98 million US dollars) in 2024. As of 2025, 11.5 billion Indonesian rupiahs (approximately 6.97 million US dollars) have been collected since the beginning of the year.
The tax department stated that fluctuations in cryptocurrency prices may lead to instability in future tax revenue. At the same time, the number of encrypted users in Indonesia has exceeded 20 million, far surpassing stock market investors and becoming an important source of tax revenue for the government.
In addition, Indonesia will implement tax reform in August 2025, raising the overseas platform tax rate to 1% and the domestic platform tax rate to only 0.21%, in order to reduce capital outflows and encourage domestic transactions. The government has also abolished value-added tax for cryptocurrency buyers and reclassified cryptocurrency assets from commodities to financial assets, which will be regulated by the Financial Services Administration.