{"id":42272,"date":"2021-05-11T15:55:51","date_gmt":"2021-05-11T12:55:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42272"},"modified":"2025-08-30T22:28:58","modified_gmt":"2025-08-30T19:28:58","slug":"indonesia-to-discuss-introducing-tax-on-cryptocurrency-profits","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/indonesia-to-discuss-introducing-tax-on-cryptocurrency-profits\/","title":{"rendered":"Indonesia to discuss introducing tax on cryptocurrency profits"},"content":{"rendered":"<p>Indonesia plans to tax profits from cryptocurrency trades. The report, <a href=\"https:\/\/www.reuters.com\/technology\/indonesia-considers-plan-tax-trade-cryptocurrencies-2021-05-11\/\" target=\"_blank\" rel=\"noopener\">\u0441\u043e\u043e\u0431\u0449\u0430\u0435\u0442<\/a> Reuters, citing a representative of the tax office Nilmaldrina Nura.<\/p>\n<p>According to him, the exact mechanism for taxing cryptocurrencies is under discussion.<\/p>\n<blockquote>\n<p>&#8220;If a profit is earned as a result of the transaction, it is subject to income tax. The taxpayer realising a capital gain must pay the tax and report it,&#8221; Nur said.<\/p>\n<\/blockquote>\n<p>Indonesian law equates digital currencies with exchange-traded commodities, but prohibits their use as a means of payment.<\/p>\n<p>As reported by The Block, in October 2020 Indonesia accounted for <a href=\"https:\/\/forklog.com\/en\/news\/study-finds-half-of-bitcoin-exchange-traffic-comes-from-six-countries\">4.3%<\/a> of total Bitcoin exchange traffic.<\/p>\n<p>Subscribe to ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indonesian authorities plan to tax profits from cryptocurrency trades.<\/p>\n","protected":false},"author":1,"featured_media":42273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1530,36,558],"class_list":["post-42272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-indonesia","tag-regulation","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=42272"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42272\/revisions"}],"predecessor-version":[{"id":42274,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42272\/revisions\/42274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42273"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}