Save 35% ($551) & Get a Free 1-1 Call with our Team ⏰ : 0d 2h 59m 44s
Citizens of Indonesia will need to pay VAT, income tax on capital gains
As confirmed by authorities in the nation, Indonesia is all set to introduce value-added tax and income tax on cryptocurrencies and capital gains from such investments at 0.1% each but the implementation of this new policy will take effect from May 1, 2022, confirmed the report from Reuters. The tax officials of the nation revealed the details following a surge in the popularity of cryptocurrencies in the nation.
Indonesia to tax crypto gains
Authorities in Indonesia are all set to tax the gains from blockchain-based assets which saw a huge surge in crypto investment during the Covid-19 pandemic where the count reached 11 million by the end of the year 2021. Furthermore, the report also confirmed that the Commodity Futures Trading Regulatory Agency showed a tenfold increase in the total crypto-asset transactions in commodity futures markets amounting to 859.4 trillion rupiahs ($59.8 billion)."Crypto-assets will be subject to VAT because they are a commodity as defined by the trade ministry. They are not a currency," the official, Hestu Yoga Saksama, revealed. "So we will impose income tax and VAT."He also revealed that the government of the nation is still studying the crypto industry and plans to introduce crypto regulation in the coming days. Indonesia will impose a VAT rate of less than 11% levied on most Indonesian goods and services while the income tax on capital gains will be 0.1% of the gross transaction value.
The legality of crypto in the nation
However, it is also a notable fact that trading cryptocurrencies as a commodity is legal in the nation but they cannot be used as a means of payment. On the other hand, the top Islamic scholarly body in Indonesia, the National Ulema Council or simply the MUI, declared cryptocurrencies as "haram" or forbidden by Islamic law.However, the government and citizens of the nation are not legally binding to comply with the declaration as Binance is set to open exchange in Indonesia with help from the richest family in the nation, the Hartonos.
Continue reading by joining Cryptonary Pro
$1,548 $997/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
Value Guarantee - If cumulative documented upside does not reach 100% during your 12-month membership, you can request a full refund. Terms
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Value Guarantee
If cumulative documented upside does not reach 100% during your 12-month membership, you can request a full refund.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the Value Guarantee work?
We stand behind the value of our research. If the documented upside from our published research during your 12-month membership does not exceed the annual subscription cost, you can request a full refund. Historical context: In every completed market cycle since 2017, cumulative documented upside has exceeded 10X this threshold.
TermsRecommended from Cryptonary
