Post #24062

Indonesia Quadruples Tax on Overseas Crypto Trades Starting August 1 ⚠️ Indonesia will raise the tax on overseas crypto transactions from 0.2% to 1% and double the domestic exchange tax to 0.21%. The VAT on crypto mining will also increase to 2.2%, while the 0.1% special mining tax will be scrapped in 2026. The move reflects a shift to treat crypto as a financial asset, aiming to boost state revenue and tighten regulation on offshore activities. 📱@Money📱Twitter