Indonesia increases taxation on sales and miners of crypto assets at exchanges.

[Indonesia Raises Tax on Crypto Assets Exchanges Sales and Miners] The Indonesian government has updated its tax policy for the crypto assets industry, increasing taxes on traders and miners while eliminating the value-added tax (VAT) obligation for buyers. Reports indicate that in addition to raising income tax, the new tax framework also raises the VAT on crypto miners from 1.1% to 2.2%. Furthermore, the ministry has eliminated the special income tax rate of 0.1% on crypto mining. Such income will be taxed at individual income tax or corporate tax rates, which will take effect in 2026.