Implementation of Tax on Crypto Transactions by Zipmex Indonesia

November 14, 2022

Zipmex will charge value-added tax and withholding tax on crypto transactions for its users in Indonesia effective Wednesday, 16 November 2022 at 06.00 (UTC +7). The taxation is in accordance with Minister of Finance Regulation Number 68/PMK.03/2022 and is applicable to all crypto trading activities in Indonesia.

How will this affect you?

The taxation applies to all buy and sell transactions in both IDR or USDT pairings. The amount of tax that will be imposed on your crypto assets transactions are as follows:

  • 0.11% Value Added Tax (VAT) from transaction amount will be applied on purchases of crypto assets in IDR pairing
  • 0.10% Withholding Tax (WHT) from transaction amount will be applied on sales of crypto assets in IDR pairing
  • 0.11% VAT + 0.1% WHT from transaction amount will be applied on sales and purchases of crypto assets in USDT pairing.

Access to our platform will be temporarily disabled on Wednesday, 16 November 2022 from 06.00 AM to 12.00 PM JKT (GMT +7) to reflect this update.

During this period, Zipmex Indonesia users will not be able to login, trade, deposit, or withdraw any assets. We will inform you through our official channels as soon as the temporary system maintenance is completed. We apologize for the inconvenience.

Please note that there is no action needed to be taken by customers. 

The taxation will be automatically implemented to each transaction made by customers in Indonesia. Any tax incurred on your transactions will be collected, reported, and submitted to the Ministry of Finance’s Directorate General of Tax by Zipmex Indonesia. 

Please remain vigilant and beware of scammers or impersonators pretending to be Zipmex employees. We will never request you to send funds to any account.

To learn more about the regulation and how to calculate tax on your crypto assets transactions, please visit this page.

Thank you for your continued trust and support.

Zipmex Team

For further enquiries, please reach out to Customer Support on Live Chat – we’re ready to help 24/7.
Email: [email protected]
Facebook: Zipmex Indonesia
Instagram: @ZipmexIndonesia
Twitter: ZipmexIndonesia
Telegram: Zipmex Indonesia

*Investing in digital assets carries a high level of risk, including the risk of losing all of the invested amount. Investors should refer to the offering information prior to investing as well as invest appropriately with acceptable risk levels. For more information visit https://zipmex.com/id/en

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides financial access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.

About Us
Support
Products
Buy ADA
Sell ADA
Buy AXS
Sell AXS
Buy BNB
Sell BNB
Buy BTC
Sell BTC
Trade BTC
Buy DOGE
Sell DOGE
Buy ETH
Sell ETH
Trade ETH
Buy HBAR
Sell HBAR
Buy LUNA
Sell LUNA
Buy SHIB
Sell SHIB
Buy SOL
Sell SOL
Buy TRX
Sell TRX
Buy USDC
Sell USDC
Buy USDT
Sell USDT
Buy XRP
Sell XRP
    • FacebookFacebook
    • TwitterTwitter
    • InstagramInstagram
    • TelegramTelegram
    • TelegramTelegram
    • YouTubeYouTube
    • TikTokTikTok
    • CoinMarketCapCoinMarketCap

    Copyright © 2023 PT Zipmex Exchange Indonesia. All Rights Reserved.

    ZEI is currently registered under and listed by Bappebti as a candidate merchant. To date, the Indonesian government has established crypto assets as commodities which can be determined as the subjects of futures contracts, which can be traded through the Futures Exchange (of crypto assets).

    RISK WARNING ON THE SERVICES

    Before you use the Services, you must be aware of the following:

    1. You should not transact Digital Assets if you are not familiar with Digital Assets. Transacting Digital Assets may not be suitable for you if you are not familiar with the technology of the Services that are provided.
    2. You should be aware that the value of Digital Assets may fluctuate greatly. You should buy Digital Assets only if you are prepared to accept the risk of losing all of the money you put into such Digital Assets.
    3. You should be aware that although we strive to provide you with excellent service, we do not guarantee that the Site or Services will be available without interruption.
    4. Digital Assets held in your Hosted Wallet and funds in your Fiat Wallet are not subject to the Indonesian insurance or guarantee scheme as provided by the Indonesian Deposit Insurance Corporation (Lembaga Penjamin Simpanan).