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Cryptopolitan
2024-03-02 01:00:44

Indonesia to consider changes in crypto taxation amid industry concerns

Indonesia to consider changes in crypto taxation amid industry concerns

An official from Indonesia’s Commodity Futures Trading Supervisory Agency (Bappebti) has urged the Finance Minister to reconsider the tax rates applied to digital assets. Currently, cryptocurrencies in Indonesia are categorized as commodities, making them subject to value-added tax (VAT) and income tax. However, with the oversight of cryptocurrencies set to transfer to the country’s financial

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