indonesia

Indonesia to Tax Crypto at 0.1% Starting May
Indonesia to Tax Crypto at 0.1% Starting May

Indonesia has set income tax on crypto gains and value-added tax on crypto purchases. The director of tax regulations said they will impose the tax on May 1. The country views crypto assets as a commodity. The Indonesian Directorate General of Taxes of the Ministry of Finance decided to tax income (PPh) on capital gains from crypto investments and value-added tax (VAT) on crypto purchases at 0.1%. Hestu Yoga Saksama, director of tax regulations for the Ministry of Finance, also confirmed the decision. The director of tax regulations told CNN Indonesia Friday: “That’s right, 0.1% PPh and 0.1% VAT (for

Binance and MDI Ventures To Expand the Blockchain Ecosystem in Indonesia
Binance and MDI Ventures to Expand Blockchain Ecosystem in Indonesia

Binance is working with a group led by MDI Ventures to expand the blockchain ecosystem. This venture is aimed at the fourth most populous country in the world — Indonesia.  All parties involved are hoping to grow together as partners. One of the biggest names in the blockchain and crypto industry — Binance, has struck a joint venture with a group led by MDI Ventures (MDI). Together, the entities plan to expand the blockchain ecosystem in Indonesia.  In detail, this team is aiming to boost the development of blockchain in Indonesia by developing a new Indonesian-based digital asset exchange. Indeed,