Indonesia Crypto Tax Income Reflects Market Volatility

Indonesia’s tax office has shared new numbers showing how much the country is earning from taxing crypto trades—and the results are a bit of a rollercoaster. As reported by Wu Blockchain, using data from Tirto, crypto tax income has changed a lot since Indonesia first started taxing it in 2022.

While the government made more than twice as much in 2024 compared to the first year, 2025 has started off slow. Officials say this is because crypto tax income depends heavily on the ups and downs of the market.

How Much Has Indonesia Made So Far?

In 2022, Indonesia began taxing crypto trades. That year, it brought in IDR 24.6 billion. Then in 2023, the number dropped to IDR 22 billion, likely because fewer people were trading during a market slump.

But in 2024, the market got stronger, and tax income went up too. The government collected IDR 62 billion—more than twice what they made in 2022. This showed that when crypto activity rises, the government benefits too.

So far in 2025, the country has collected IDR 11.5 billion in crypto tax. If the market doesn’t improve, that number may end up being lower than in previous years.

Why Does It Change So Much?

The simple answer is: crypto is unpredictable. When the market is doing well and prices go up, people are more likely to trade. More trades mean more taxes. But if prices fall or people stop trading, the government collects less.

According to Indonesia’s Directorate General of Taxes (DJP), this is why crypto tax income is so unstable. It goes up when trading is hot and drops when things slow down.

How Does Indonesia Tax Crypto?

Indonesia places two small taxes on every crypto trade:

A 0.1% income tax

A 0.11% value-added tax (VAT)

These numbers might seem small, but when lots of people trade, it adds up fast. That’s why tax income grew a lot in 2024—more trading meant more money for the government.

What This Means for the Future

Indonesia is one of the first countries nearby to start taxing digital assets. As more young people get involved in crypto, these taxes could bring in more money down the road.

But since crypto prices go up and down a lot, officials say it’s hard to count on this tax money all the time. Experts say Indonesia should not only collect taxes but also make clear rules to keep the crypto space safe and fair for everyone.

Final Thoughts

Indonesia’s crypto tax journey is still very new, and the numbers show just how unpredictable this space can be. While 2024 was a strong year, 2025 is shaping up to be slower—at least for now.

As the market changes, so will the country’s earnings. But one thing is clear: crypto is here to stay, and Indonesia is trying to keep up.