Indodax Makes Significant Tax Contribution to Indonesia's Crypto Sector Revenue

Boosting State Revenue Through Crypto Transactions

Indonesia's crypto sector continues to demonstrate its importance as a significant contributor to state revenue, with a substantial growth in tax payments. As of October 31, 2025, the Directorate General of Taxes (DJP) under the Ministry of Finance recorded a total tax revenue of Rp1.76 trillion from crypto transactions. This revenue is composed of Rp836.36 billion in Income Tax (PPh 22) and Rp872.62 billion in Domestic Value Added Tax (PPN).

Indodax's Role in Tax Contribution

PT Indodax Nasional Indonesia (Indodax), a leading crypto asset exchange in Indonesia, has played a crucial role in this achievement. During the first nine months of 2025, Indodax contributed Rp297.09 billion in taxes to the state. This contribution is broken down into Rp127.886 billion in VAT (PPN) and Rp169.204 billion in Income Tax (PPh).

Recognition for Tax Compliance

Indodax's significant contribution to state revenue has been recognized by the tax authorities. The company received the Certificate of Appreciation for Taxpayer with Significant Contribution Year 2025 from the Regional Office of the Directorate General of Taxes (Kanwil DJP) Bali. This recognition highlights Indodax's commitment to fulfilling its tax obligations and its role in supporting the government's revenue generation efforts.

Implications for Indonesia's Crypto Sector

The substantial tax revenue generated from crypto transactions underscores the growing importance of the crypto sector in Indonesia's economy. It also reflects the effectiveness of regulatory measures implemented by the government to ensure tax compliance in this rapidly evolving industry. As the crypto market continues to expand, it is likely that tax revenues from this sector will remain a significant contributor to the state's coffers.