The Latest Update on Taxable Cryptocurrency Plan News
Rancakmedia.com – The Directorate General of Taxes (DGT) of the Ministry of Finance is currently researching cryptocurrencies that will be taxed. However, the tax authorities are currently investigating to execute the program.
Director of Counseling, Service and Public Relations of DGT Neilmaldrin Noor explained, his party is currently reviewing the cryptocurrency tax imposition system.
“Until now, DGT is reviewing and deepening the taxation of cryptocurrency transactions, including its plans,” said Neilmaldrin to detikcom, Thursday (4/11/2021).
He explained that crypto is new. Therefore, complete research is needed.
“Given that crypto transactions are still new, more in-depth and rigorous analysis is needed,” he said.
Meanwhile, the Director General of Taxes, Suryo Utomo, indicated that there were two ways to go, namely in terms of income tax and VAT. It will show, crypto money can be taxed in the form of VAT or PPh.
"Regardless of whether we discuss the Tax Law, the Income Tax Law, or the VAT Law, products and services that enter the customs area will be subject to the VAT Law.
The problem is whether this cryptocurrency contains products and services or not, and whether it can be used as a substitute for cash," explained the Head of DGT during a press conference, Monday, October 5, 2021.
Conclusion Regarding Taxable Cryptocurrency Plan News:
The Directorate General of Taxes (DGT) of the Ministry of Finance is currently researching cryptocurrencies that will be taxed. Director of Counseling, Services and Public Relations of DGT Neilmaldrin Noor explained, his party is currently reviewing the Taxable Cryptocurrency system.
It will show, crypto money can be taxed in the form of VAT or PPh. The issue is whether these cryptocurrencies contain products and services, and whether they can be used as a substitute for cash.
