Indonesian cryptocurrency regulatory officials urge the Ministry of Finance to change the tax rate on digital assets

2024-03-02 08:41:26

Collection

ChainCatcher news, according to CoinDesk, an official from Indonesia's cryptocurrency regulatory agency Bappebti has called on the Finance Minister to reconsider the tax rates on digital assets. In this Southeast Asian country, cryptocurrencies are treated as commodities, thus subject to value-added tax and income tax. However, this situation will change when cryptocurrency regulation is transferred to Indonesia's broader financial services regulatory agency OJK in 2025.

Bappebti's Tirta Karma Senjaya stated at an event on Tuesday, "As cryptocurrencies are expected to join the financial industry in January 2025, we urge the tax director to review these taxes. These regulations have been in place for over a year, and taxes are typically reviewed annually."

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.