State revenue from crypto taxes keeps rising

Indonesia's tax authority reports crypto transaction tax revenue reached Rp1.96 trillion from 2022 to February 2026. This includes Rp1.09 trillion in PPh 22 and Rp875.31 billion in domestic PPN. The rise reflects growing integration of crypto into the formal economy.

Indonesia's Direktorat Jenderal Pajak (DJP) notes a rising trend in crypto asset transaction tax revenue since implementation in 2022. Yearly breakdowns show Rp246.54 billion in 2022, Rp220.89 billion in 2023, Rp620.38 billion in 2024, Rp796.73 billion in 2025, and Rp84.7 billion early in 2026.

Despite progressive growth over four years, crypto's share remains small compared to other digital sectors, including Perdagangan Melalui Sistem Elektronik (PMSE) at Rp37.40 trillion, peer-to-peer lending fintech at Rp4.64 trillion, and Sistem Informasi Pengadaan Pemerintah at Rp4.11 trillion.

Indodax CEO William Sutanto said his firm contributed Rp907.11 billion, comprising Rp520.16 billion in PPh 22 and Rp386.95 billion in PPN. "Tax contributions reflect our commitment to fulfilling obligations as a compliant crypto industry player. We view compliance as a key foundation for the sustainability of Indonesia's crypto ecosystem," he stated on Friday (10/4/2026).

Sutanto stressed the need for investor education on tax duties alongside profits. The government plans to enhance oversight to boost crypto's transparent contributions.

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Illustration of strengthening Rupiah amid tax revenue optimism, featuring Finance Minister and rising currency charts in Jakarta's financial hub.
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Rupiah strengthens on 2026 tax revenue optimism

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The rupiah exchange rate against the US dollar strengthened in Tuesday morning trading, boosted by Finance Minister Purbaya Yudhi Sadewa's optimism about 2026 tax revenue exceeding targets. January tax realizations surged 30.8 percent year-on-year, while the Consumer Confidence Index rose to its highest level in a year. This comes amid fluctuations in the domestic stock market, which opened slightly weaker.

Following reports of potential delays and industry criticism, Japan will implement cryptocurrency tax reforms in 2028, reducing the rate to a flat 20% on gains treated like equity investments. The changes aim to boost predictability, retain domestic capital, and curb outflows to hubs like Singapore and Dubai.

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A leading Japanese financial executive has criticized the slow progress on cryptocurrency tax reforms, warning of a possible one-year delay. Traders, currently facing up to 55% taxes on profits, had anticipated changes starting in January 2027. The delay could hinder Japan's web3 development compared to global peers.

Indonesia's Corruption Eradication Commission (KPK) has named five individuals as suspects in a bribery case involving tax reduction at the North Jakarta Medium Tax Service Office (KPP Madya Jakarta Utara). The arrests occurred during a sting operation on January 9-10, 2026, related to slashing PT Wanatiara Persada's tax liability from Rp75 billion to Rp15.7 billion. The Rp4 billion bribe was disguised via a fictitious contract and converted to Singapore dollars.

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A poll of 1,000 American crypto investors reveals that over half are scared of facing IRS penalties due to new automatic reporting requirements for digital asset transactions. Crypto tax platform Awaken Tax conducted the survey at the end of January, highlighting concerns over the shift from self-disclosure to mandatory disclosures by exchanges. The rules, effective for 2025 transactions, aim to curb tax evasion but have sparked confusion among users.

Indonesia's National Police's Criminal Investigation Agency has named three individuals as suspects in a money laundering case involving proceeds from illegal gold mining worth Rp25.9 trillion. The suspects are alleged to be involved in collecting and refining gold from unlicensed mining operations. Police have seized billions of rupiah and dozens of kilograms of gold.

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Egypt's Ministry of Finance announced a 30.8% rise in tax revenues, equivalent to EGP 380.3 billion, during the first eight months of fiscal year 2025/2026, bringing totals to EGP 1.614 trillion from EGP 1.234 trillion a year earlier. The ministry attributed the growth to broad-based increases across most tax categories, fueled by business engagement and recent tax reforms.

 

 

 

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