📝 Description
Indonesia has a tax regulation framed by regulation PMK 68/PMK.03/2022. The Indonesian government considers cryptocurrencies not as currencies, but as commodities subject to both income tax and VAT.
The Indonesian system is radically different from most countries: it does not tax your capital gains, but the gross volume of your transactions. This guide explains this particular mechanic and how to use Waltio data to be compliant.
💡 Essential Crypto Tax Facts in Indonesia
Category | Tax Rule |
Tax Method | Final tax on transaction volume (not profit) |
Local Platforms (Bappebti) | Total rate of 0.21% (0.1% PPh + 0.11% PPN) |
Foreign Platforms | Total rate of 0.42% (0.2% PPh + 0.22% PPN) |
Crypto-to-Crypto Swaps | Taxable (Tax applies to the swapped volume) |
Filing Deadline | March 31 of the following year |
Calculation and Tax Rates: The Volume Tax
In Indonesia, you pay a small tax (Final Tax) on every transaction, regardless of whether you are in profit or loss on the token.
The rate depends on the regulatory status of the platform you use:
Platforms registered with Bappebti (e.g., Indodax, Tokocrypto):
Income Tax (PPh 22): 0.1%
VAT (PPN): 0.11% (or 0.12% depending on national VAT adjustments)
Total = 0.21% of the transaction (Usually automatically deducted by the platform).
Unregistered Platforms (Foreign platforms like Binance, Coinbase, or DeFi):
Income Tax (PPh 22): 0.2%
VAT (PPN): 0.22% (or 0.24%)
Total = 0.42% of the transaction.
Note: Since these platforms do not deduct the tax at source for the Indonesian government, it is up to you to calculate this volume and pay the tax yourself.
🔄 Crypto-to-Crypto Operations (Trading)
Exchanging one cryptocurrency for another (for example, selling BTC to buy ETH) is considered a taxable transaction in Indonesia. The tax applies to the value in Rupiahs (IDR) of the asset at the time of the swap.
⚙️ How are they managed on Waltio?
Waltio's approach is designed to track every tax event.
By default, the software considers all your Crypto-to-Crypto swap operations as taxable (which is perfectly in line with Indonesian law, which requires tracking every trade).
Your Action: Although Waltio calculates a capital gain on these operations by default, the Indonesian administration is only interested in your transaction volume. You have no manual modification to perform on the status of these operations. You can use the Waltio report to extract the total gross volume of your transactions (your "disposals") to apply the 0.21% or 0.42% rate during your declaration.
🎁 Passive Income (Staking, Mining, Airdrops)
Indonesian law (PMK 68) specifies that income from mining and passive income constitutes taxable income at the time of receipt. They are subject to income tax (0.1% for miners) and VAT on the value of the service rendered or token received.
⚙️ How are they managed on Waltio?
To simplify global accounting tracking on the platform, Waltio applies a different default methodology:
Passive income is marked as non-taxable upon receipt.
The software assigns them an acquisition value of €0.
To ensure taxation is accounted for upon receipt (Indonesian Compliance): If you wish to declare this income at the exact time of receipt (as required by the Indonesian tax authorities), a manual step is necessary on Waltio. You will need to individually modify each passive gain transaction to enter its acquisition price (the market price of the token on the exact day of receipt). Thus, the operation will be accounted for as immediate income, allowing you to isolate these incoming volumes to pay the corresponding tax.
✅ What Triggers Tax (Crypto ➔ Fiat)
Every outgoing transaction triggers the Final Tax (0.21% or 0.42%) on its overall volume:
Sale for currency: Converting your cryptos into Rupiahs (IDR), Dollars (USD), or Euros (EUR).
Purchase of a good or service: Using your cryptocurrencies to pay for a purchase.
📝 Filing: The Timeline and Form (SPT)
The tax year in Indonesia corresponds to the calendar year (from January 1 to December 31).
Automatic vs Manual Payment: If you only use local platforms (Bappebti), the tax is already deducted at source. You have nothing more to pay, but you must still report this information. If you use foreign platforms (offshore), you must calculate and pay the tax yourself.
Required Form: Final taxes and the value of your crypto assets (balance as of December 31) must be reported on your annual income tax return (SPT Tahunan form).
Filing Deadline: The declaration must be submitted before March 31 of the following year for individual taxpayers.
Disclaimer: This guide is provided for informational and educational purposes only. Legislation surrounding digital assets is sometimes subject to interpretation (notably the exact treatment of DeFi and Staking compared to Mining) and can evolve. Waltio does not provide tax or legal advice. We strongly recommend consulting a certified tax advisor (Konsultan Pajak) in Indonesia to validate your declaration.