How to Report Crypto Income in Indonesia: Complete 2024 Guide

Understanding Crypto Taxation in Indonesia

In Indonesia, cryptocurrency is legally classified as a commodity, not currency, regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI). All crypto income—whether from trading, mining, staking, or airdrops—is subject to taxation under Directorate General of Taxes (DJP) regulations. Failure to report accurately can result in penalties up to 2% monthly interest on unpaid taxes plus administrative sanctions.

The core taxes applicable to crypto are:

• Income Tax (PPh): Applied to capital gains from crypto sales
• VAT (PPN): 0.1% levy on crypto purchases at exchanges
• Final Income Tax: 0.1% on transaction value for traders

Step-by-Step Guide to Reporting Crypto Income

Step 1: Obtain Your Taxpayer ID (NPWP)

If you don’t have an NPWP, register at your local Tax Office (KPP) or online via DJP Online. Required documents include KTP, proof of address, and occupation details.

Step 2: Track All Transactions

Maintain detailed records for every transaction:

• Date and time of trades
• Transaction amounts in IDR
• Wallet addresses involved
• Exchange fee receipts
• Screenshots of order history

Step 3: Calculate Taxable Income

For individual investors:

• Taxable income = (Selling price – Purchase price) – Transaction fees
• Reported as Other Income on Form 1770

For professional traders:

• Income treated as business profit
• Subject to progressive rates (5%-30%) after deductible expenses

Step 4: File Through DJP Online

1. Log in to your DJP Online account
2. Select e-Filing > Annual SPT
3. Choose Form 1770 for individuals
4. Enter crypto gains under Penghasilan Lainnya (Other Income)
5. Upload supporting documents
6. Submit before April 30 deadline

Common Reporting Mistakes to Avoid

• Ignoring small transactions: All crypto activity must be reported regardless of amount
• Forgetting VAT payments: Exchanges automatically deduct 0.1% VAT on purchases—keep records
• Miscalculating cost basis: Use FIFO (First-In-First-Out) method for accurate gain/loss calculations
• Omitting foreign exchanges: Income from international platforms must still be declared

Frequently Asked Questions

Is crypto mining taxable in Indonesia?

Yes. Mined coins are taxed as income at market value upon receipt. Subsequent sales incur capital gains tax.

How is DeFi income taxed?

Yield farming, liquidity mining, and staking rewards are taxable as ordinary income at fair market value when received.

What if I traded NFTs?

NFT profits follow the same tax rules as cryptocurrency. Report gains as other income on your SPT.

Can I deduct crypto losses?

Yes. Capital losses can offset capital gains in the same tax year. Unused losses carry forward five years.

Do I need to report if I didn’t cash out to IDR?

Yes. All crypto-to-crypto trades are taxable events based on IDR value at transaction time.

Staying Compliant

Use tools like Koinly or Tokocrypto Tax to automate transaction tracking. Consult a certified tax advisor (Konsultan Pajak) for complex portfolios. Always retain records for 10 years as per DJP requirements. Updated regulations are available on pajak.go.id.