Crypto Investment After Taxable

Jakarta – This year, crypto transactions will be taxed. Starting May 1, 2022, crypto asset trading will be subject to Value Added Tax (VAT) and Income Tax (PPh). This information is contained in the regulation of the Minister of Finance of the Republic of Indonesia number 68/ PMK.03/2022. In this rule, it is stated that […]

[POPULER MONEY] Why the State is Powerless to Control Migor Prices

1. Owning a State Owned Oil Palm Oil Company, Why is the State Powerless to Control Migor Prices? Cooking oil prices are on the rise starting at the end of 2021. Compact producers are raising prices on the pretext of adjusting to palm oil (CPO) prices on the global market. If previously the price of […]

Still Confused About Crypto Taxes? This is how to calculate it

Jakarta, CNBC Indonesia – Starting May 1, 2022 all crypto asset transactions in Indonesia will be subject to value added tax (VAT) and income tax (VAT). How does it count for crypto investors? The rules for collecting crypto taxes are contained in Minister of Finance Regulation (PMK) Number 68 of 2022 concerning Income Tax and […]

A Row of Agricultural Products Subject to VAT: Tea, Coffee to Cassava!

Jakarta, CNBC Indonesia – The government has officially implemented a value added tax (VAT) on the delivery of certain agricultural products starting April 1, 2022. As stated in the Minister of Finance Regulation (PMK) Number 64/PMK.03/2022 concerning Value Added Tax on Delivery of Certain Agricultural Products, there are at least 41 agricultural commodities that are […]

Building Your Own House Is Taxable, Check The Rates!

Jakarta, CNBC Indonesia – The government through the Minister of Finance Regulation (PMK) has set a tariff for the application of Value Added Tax (PPN) on Self-Building Activities (KMS). The rules regarding self-building activities are regulated in PMK Number 61/PMK.03/2022 concerning Value Added Tax (VAT) on Own Activities. This rule is effective from April 1, […]

Get ready! Those who buy crypto will also be subject to VAT and PPh

Jakarta – The government will impose a final value added tax (VAT) and income tax (PPh) on crypto asset trading transactions. That’s because crypto is not considered a currency. Director of Tax Regulations I of DJP Hestu Yoga Saksama said the tariff to be charged was 0.1% of the total transaction. “Crypto is indeed subject […]

Buying Crypto Will Be Subject to VAT and 0.1 Percent PPh Starting May 2022

Jakarta, CNN Indonesia — The Directorate General of Taxes (DGT) of the Ministry of Finance (Kemenkeu) determines the income tax (PPh) and value added tax (PPN) for the purchase of assets crypto- by 0.1 percent. The tax imposed is final. “That’s right, 0.1 percent PPh and 0.1 percent VAT (for crypto), all of which are […]