Indonesia Quadruples Tax on Overseas Crypto Trades

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Indonesia will hike tax rates on cryptocurrency transactions starting August 1, with sellers on domestic exchanges now facing a 0.21% tax on transaction value, while those using overseas exchanges will see their rate increase to 1%. Crypto’s Rising Popularity Fuels Tax Adjustments Indonesia is set to implement higher tax rates on cryptocurrency transactions starting August […]

from Bitcoin News https://ift.tt/7ZDkzgj