delightful update
your fee is in IDR, and what they taxed is this IDR.. so the tax is not for BTC but for IDR, is this right?
if I'm a merchant, and I want my customer able to pay using BTC, how about the tax? is the tax will be calculated based on the BTC value in IDR when the transaction happen? or how?
The tax rate is 1% base of government regulations number 46 year 2013 (PP No.46/2013)
Tax will be calculate from your income (sales) in IDR, so if you sale in BTC than it will base of BTC value in IDR like you said.
I dont know why does
funchiestz said that the tax charge only for fee cause the rule is clear. The object of 1% is INCOME not the MARGIN (FEE).
Margin have another rule base of tax law no.36/2008 article 17 in certain criteria.
Hi Thiec
Please read in this article, I believe you are Indonesian since you can understand our regulation
http://indonesia.bitcoin.co.id/panduan-perpajakan-bitcoin-di-indonesia/That link has article about guidance to pay tax for miner, exchanger, and even ecommerce that use bitcoin
I hope it helps !
Thanks for the article. I just finished read it and here my opinion.
(I am not tax official, and i share my opinion and my knowledge in tax fields base of Indonesia Tax Rule)
1. Miner
I am totally agree that any income from miner are object to income tax (PPh) and not object to VAT (PPN).
2. Exchanger
I also agree that exchanger that stand as mediator for buyer and seller earn fee and the fee are object to income tax, and since the new regulation (PP No.46/2013) if your earning fee are lower than 4,8 Billions Rupiahs IN A YEAR than your fee are object to 1% income tax (final without deduction from cost), and if your earning fee are higher than 4,8 Billions Rupiahs than your fee are object to Income Tax Law No.36/2008 Act 17 which currently rate is 25% after you deduct the cost to generate your earning. (You may read act 31E for tax reduction criteria)
I am not complete agree about VAT, since your only mediator, your sale are not count as VAT's object but your fees are. And if like above, there are certain criteria, if you pass 4,8 Billions mark than you become VAT's object and if not, you dont. So, the different is the article said sales, i am said fee
3. Commerce
Always use PP No.46/2013 which make 4,8 Billions rupiahs a year as a mark for tax income calculation
Below 4,8 Billions, all sales are object to 1% income tax (whatever you make a profit sales or not)
Above 4,8 Billions, all sales can be deducted to the cost (cogs, expenses ect) and the margin are object to 25% income tax
Connection with the article, the poster is not use this regulation, his opinion is in general and not consider to government regulations No.46/2013
VAT also have 4,8 Billions as turning point base of Finance Ministers Regulation No.197/PMK.03/2013, start to apply Jan 1st, 2014
4. Investment
Agree with the article. The capital gain may become object of income tax. And VAT could be declare if transaction above 4,8 Billions
I think it is very clear. Exchange income is from transaction fee. Exchange position is just like a property agent, or stock broker. The total amount of transaction is income for the bitcoin sellers, not for the exchange. For bitcoin sellers they also require to declare income for selling their bitcoin base of PP no. 46, which means they need to pay 1% of tax from total amount of rupiah they received.
Not exactly. My post before are prefer to merchants and they aren'tt exchanger, they are buying and selling goods.
Exchanger not really buy or sell btc, they only market place as you said like a broker. The real transaction occurred between buyer and seller, and exchanger are the middle man only. So "the sales" are not object to 1% regulation
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