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💸 LATEST: Since 2022, Indonesia has imposed income and value-added taxes on crypto transactions, generating up to $36.4M annually.
⚠️ Tax revenue is highly volatile—2023 saw a 60% drop due to plunging trading volume.
🚨 To boost fiscal intake, the government plans to raise crypto tax rates by 2025, with foreign transactions taxed up to 1%.
#cryptotax # Indonesia #CryptoNews # Web3 #Regulation # Blockchain