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.
For further enquiries, please reach out to Customer Support on Live Chat – we’re ready to help 24/7.
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*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