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The agency will use a model where licensed exchanges will levy the tax automatically. Aspakrindo’s executive chairman says high tax rates might push adopters to buy crypto illegally. Bappebti, Indonesia’s Commodity Futures Trading Regulatory Agency is contemplating introducing taxation for crypto transactions. A report unveiled this news on April 27, noting that the authority’s move is inspired by the increasing interest in cryptocurrencies in the country. Reportedly, the agency claims that the government is planning to introduce a final income tax (PPh) model, which applies to all crypto transactions. According to the report, the 13 crypto trading platforms, which fall under the regulator’s purview will automatically charge the tax should the agency actualise these plans. Commenting on these plans, Bappebti’s head, Sidharta Utama, said that the matter is currently going through an internal review at Bappebti before the authority brings Indonesia’s Fiscal Policy Agency

Teguh kurniawan harmandaSidharta utamaOscar darmawanIndonesian crypto asset traders association aspakrindoIndonesia commodity futures trading regulatory agencyIndonesia fiscal policy agencyCommodity futures trading regulatory agencyFiscal policy agencyIndonesian crypto asset traders association