Jakarta –
The Indonesian Blockchain Association (ABI) revealed Binance and 300 foreign exchangers crypto- Not yet registered but already operating in Indonesia. What is the response from the Ministry of Communication and Informatics (Kominfo)?
ABI has disclosed this matter in a letter it sent to the Commodity Futures Trading Regulatory Agency (Bappebti), Ministry of Trade (Ministry of Trade). The letter contains a complaint regarding foreign crypto exchangers in Indonesia.
ABI Chairwoman Asih Karnengsih said that her party had complained about the large number of foreign exchanges operating in Indonesia but the existing regulations had not been touched. Many of these foreign crypto exchangers have not been registered with Bappebti. One of the complaints is Binance.
“Binance only one example of the 300 that has been mentioned has a large number of users in Indonesia, this is a concern for the government itself. From the industry itself, we have sent a letter to CoFTRA regarding this exchanger,” he said.
Kominfo who has duties related to the implementation in the field of communication and informatics, including the management of information applications, also commented on the problem crypto- which are not registered in Indonesia.
As conveyed by the Director General of Information and Public Communication (Dirjen IKP) of the Ministry of Communication and Information, Usman Kansong, said that so far his party has not received a request letter from Bappepti regarding this ‘rogue’ crypto.
“If there is a request from Bappepti, Kominfo will take steps in accordance with the laws and regulations on the platform in question,” said Usmang when contacted by detikINET.
Previously, Head of Bappebti Didid Noordiatmoko acknowledged that the absorption of national crypto taxes had not been optimal. He explained that the not yet optimal crypto tax revenue could not be separated from the still sluggish crypto market in 2022.
“Crypto transactions in 2022 are much lower compared to 2021. 2021 will be IDR 859.9 trillion, 2022 will be around IDR 300 trillion. This means that the potential will indeed decrease in 2022,” he said.
“But the new tax will be imposed in 2022 in May. So if we compare the May-December transaction value, it’s also relevant to that number. This means that there are no transactions that are not taxable,” he added.
The government itself sets tariffs on asset transactions crypto- of 0.1% for PPh Article 22 and 0.11% for final VAT. This rate is for transactions at domestic exchangers that have been registered with CoFTRA.
Meanwhile, for crypto transactions on foreign exchanges, the rate is 0.2% for Article 22 Income Tax and 0.22% for final VAT. However, the problem is that taxation for crypto transactions on foreign exchanges is still not optimal.
Watch Video “Binance and Foreign Exchanges Are the Cause of State Losses“
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