Indonesia: Income tax and VAT treatment of crypto trading and fintech transactions

KPMG reports summarize tax implications of the trading of cryptoassets and fintech transactions.

Treatment of crypto trading and fintech transactions

The KPMG member firm in Indonesia prepared a report summarizing the income tax implications of the trading of cryptoassets and financial technology (fintech) transactions.

The report specifically references the provisions of Ministry of Finance Regulation No. 68 Year 2022 and Ministry of Finance Regulation No. 69 Year 2022, which were both issued on 31 March 2021 and are effective as of 1 May 2022.

Read a July 2022 report [PDF 340 KB] prepared by the KPMG member firm in Indonesia

 

The KPMG member firm in Indonesia also prepared a report summarizing the value added tax (VAT) implications of the trading of cryptoassets and fintech transactions.

Read a July 2022 report [PDF 550 KB] prepared by the KPMG member firm in Indonesia

 

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