Indonesia will increase its cryptocurrency transaction taxes starting August 1, 2025. Domestic crypto sales will face a tax rate of 0.21%, up from the previous 0.1%, while overseas crypto sales will be taxed at 1%, a rise from 0.2%. Additionally, the value-added tax (VAT) on crypto mining will double to 2.2%. However, VAT on crypto buyers will be removed. This adjustment comes as Indonesia's crypto market continues to grow, with over 20 million users and annual revenues of approximately $36 million. Meanwhile, China has announced plans to tax interest income on bonds issued by the government and financial institutions, ending a decades-long exemption. This unexpected policy shift has led investors to reevaluate their positions in the Chinese debt market.
🇨🇳 #China to Tax Bond Interest Income After Decades of Exemption – Bloomberg https://t.co/xD2bvfI4si https://t.co/EuEZ1zYPX7
China has unexpectedly announced plans to tax interest income earned on bonds issued by the government and financial institutions—a major shift in its longstanding tax policy that has prompted investors to reassess their bond holdings.
China says it plans to tax interest income on bonds issued by the government and financial institutions, in a surprise move that’s prompted investors to reevaluate their debt market positions https://t.co/HNlju4E48v