PT Pintu Kemana Saja with the PINTU brand, a crypto asset trading and investment platform launched the Tax Report feature which can be accessed and downloaded in the application. PINTU users can use this feature as of February 2023.

“As an investment instrument that is new and attracts a lot of interest from the Indonesian people, we hope that crypto assets can provide added value to the country’s source of income. As crypto asset traders who operate officially in Indonesia, we present the Tax Report feature as a form of our real commitment in order to fully support the rules set by the Government,” said PINTU General Counsel Malikulkusno (Dimas) Utomo.

The government through the Ministry of Finance (Kemenkeu) issued Regulation of the Minister of Finance of the Republic of Indonesia Number 68/PMK.03/2022 which regulates value added tax (PPN) and income tax (PPh) on crypto trading transactions. Based on these rules, sales of crypto assets are subject to a PPh rate of 0.1% from transactions through Prospective Physical Traders of Crypto Assets (CPFAK) and purchases of crypto assets are subject to a VAT rate of 0.11%.

“In order to meet the needs of tax reporting, the Tax Report feature can be accessed easily in the PINTU application and can be easily downloaded by Pintu users in the form of a Portable Document Format (PDF) file or sent via email. The available data is very complete starting from the date of the transaction, type of transaction, type of tax, tax rate, tax value, status, and transaction ID number at PINTU. We present everything for user needs for tax reporting purposes,” said Dimas.

In the Minister of Finance (PMK) Number 68/PMK.03/2022 concerning Value Added Tax and Income Tax on Crypto Asset Trading Transactions. Taxpayers who are crypto investors must report their crypto assets in the list of assets or debts in their Annual Notification Letter (SPT).

Income earned from trading crypto assets is not calculated with other income in the Annual SPT reporting, because it uses the final income tax (PPh) scheme.

“We hope that PINTU users can become responsible investors by following the applicable regulations for reporting income tax earned from trading crypto assets. Directly investing in crypto assets is the same as contributing greatly to the country’s income for Indonesia’s sustainable progress. Of course, we hope that crypto asset investors will continue to grow in Indonesia and continue to have a positive impact on all Indonesian people,” Dimas concluded.