Hello INDODAX Members,
To comply with PMK Regulation Number 68/PMK.03/2022 concerning Value Added Tax and Income Tax on Transactions of Crypto Asset Trading (“PMK 68/2022”), where INDODAX as a PPMSE (Penyelenggara Perdagangan Melalui Sistem Elektronik / Operators of Trade Through Electronic System) is required to collect PPh (Income Tax) and PPN (VAT). With this announcement, INDODAX would like to inform you that the Withholding Tax Certificate feature PMK 68/2022 is back at INDODAX.
The PPh and PPN taxes are automatically collected/deducted by INDODAX, and members don’t have to worry about additional fees for buying/selling crypto-asset transactions.
A detailed explanation of the PMK 68/2022 Withholding Tax Certificate feature is as follows:
IDR Pairing
- According to PMK 68/2022 regulation, the collection of PPh is 0.1%, and PPN is 0.11% on IDR pair transactions before trading fees.
- According to INDODAX’s management’s decision to charge PPh and PPN for Taker transactions, both Buyers and Sellers.
USDT Pairing
- According to PMK 68/2022 regulation, every crypto-to-crypto exchange transaction is a swap transaction, so each buyer and seller bears PPh and PPN for each transaction. PPh collection is 0.1%, and PPN is 0.11%.
- According to INDODAX’s management decision to charge PPh and PPN for Taker transactions, both Buyers and Sellers.
- Members can download the proof of withholding/collection on the INDODAX website after members complete the transactions.
- The fee amount and procedure for this withholding/collecting tax may change at any time following the development of regulations from the Ministry of Finance.
If INDODAX members have anything unclear and would like to ask INDODAX, members can contact us at 021- 5065 8888 or via email at [email protected]. Our customer support team is on standby 24 hours and will be happy to provide further explanations.
Once again, we thank you for your trust in INDODAX. We from INDODAX will always prioritize the safety and comfort of our members. Thank you for your support.
Regards,
INDODAX – Indonesian Bitcoin & Crypto Exchange
