Tokocrypto, the official Crypto Asset Trader platform in Indonesia, carries out regulations and regulations related to the digital asset industry in Indonesia. One of the regulations that have been implemented is the crypto asset transaction tax.

The government has issued Minister of Finance Regulation (PMK) Number 68/PMK.03/2022 concerning Value Added Tax and Income Tax on Crypto Asset Trading Transactions. This regulation has been in force since May 1, 2022.

To increase user convenience and comfort, Tokocrypto launched a new feature that provides reports on transactions that users make and regular tax deductions in accordance with the applicable PMK 68 regulations. This feature is also proof of the transparency that Tokocrypto runs to all of its customers.

Tokocrypto’s VP Corporate Communication, Rieka Handayani, said the Tax Evidence feature would make it easier for users to report annual taxes. Proof of withholding tax will be one of the reporting instruments needed in the SPT reporting process, Crypto Asset Traders are required to provide proof of withholding tax for users who have registered an NPWP.

“As one of the officially registered Crypto Asset Traders in Indonesia, Tokocrypto always complies with existing regulations, one of which is related to PMK 68. As time goes by, Tokocrypto can finally release the Tax Evidence feature as a form of transparency and assist customers in annual tax reporting.

This Tax Evidence feature provides detailed data such as the completeness of trade transactions made by Tokocrypto customers, the collector’s name and NPWP, Value Added Tax (VAT) and Income Tax (PPh) rates to tax payment status. This feature can be accessed by customers via the desktop platform or the Tokocrypto website.