Indonesia Mulls Tax on Cryptocurrencies Following Surge in Interest, Reuters Says

Indonesia Mulls Tax on Cryptocurrencies Following Surge in Interest, Reuters Says
фото показано с : coinjournal.net

2021-5-11 15:32

The rapid growth in cryptocurrencies has fuelled a rise in investment in the South-East Asian nation this year, Reuters says, with the country’s largest crypto exchange site, Indodax, now recording three million active subscribers.

Neilmaldrin Noor, a tax official in Indonesia told Reuters: “It is important to know that if there is a profit or capital gain generated from a transaction, the profit is an object of income tax. So the tax payer who receives capital gain has to pay the tax and report it” The nation’s Financial Services Authority officially discourages investments in cryptocurrencies, citing their volatility and lack of underlying value It is illegal to use cryptocurrencies as a means of payment in Indonesia, but they can be traded Indonesia has been particularly hard hit by the COVID-19 pandemic, and the state is keen to balance its books. A taxation policy for cryptocurrencies remains at the discussion stage, however, Noor added

Link to Source:
https://www.reuters.com/article/indonesia-tax-crypto-currency/indonesia-considers-plan-to-tax-trade-in-cryptocurrencies-idUSL4N2MY0V7

The post Indonesia Mulls Tax on Cryptocurrencies Following Surge in Interest, Reuters Says appeared first on Coin Journal.

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cryptocurrencies reuters → Результатов: 62


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