Indonesia MOF Issues Regulations Updating VAT, Income Tax Rules for Crypto-Asset Transactions, Specified Industries

The Indonesian Ministry of Finance July 28 posted Ministerial Regulation Nos. 50/2025 and 53/2025, introducing VAT and income tax rules for crypto-asset transactions, and revising the deemed VAT bases for specified industries. The regulations include measures: 1) exempting specified crypto-assets from VAT, and imposing VAT at 12 percent on digital platform operators, and 20 percent on verification services; 2) imposing final income tax rates of 0.21 percent on specified transactions through domestic platforms, and 1 percent for transactions through foreign or unregistered platforms; 3) applying the general income tax rules to digital platform operators and miners; 4) setting deemed VAT ...