No one likes taxes, but this isn't so horrible. Indonesia is instituting a 0.1% crypto tax that begins this month.
The Indonesian government is reportedly planning to charge a 0.1% capital gains tax on crypto investments as well as a value-added tax, or VAT, on digital asset transactions starting from May 1.said
the country will be imposing “income tax and VAT” on crypto assets “because they are a commodity as defined by the Trade Ministry” and “not a currency.” The government is still reportedly considering how to implement such taxes, but legislation passed in response to the pandemic laid the groundwork for collecting revenue on cryptocurrency transactions.a report that in February 2022, crypto transactions in the country reached 83.8 trillion rupiah — roughly $5.8 billion.
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