11 May
An item from Tuesday from Indonesia (via Reuters) … gotta say this seems like a nothing burger?
Neilmaldrin Noor, a spokesman at Indonesia’s tax office
- “It is important to know that… if there is a profit or capital gain generated from a transaction, the profit is an object of income tax”
- “So the tax payer who receives capital gain has to pay the tax and report it”
Jiggle around those words a little for your local jurisdiction and I think you’ll find it applies to any trading / investment transaction? Not specific to crypto.
Ya know … how about this:
Indonesia is considering a plan to tax trading of cabbages:
- “It is important to know that… if there is a profit or capital gain generated from a transaction, the profit is an object of income tax”
- “So the tax payer who receives capital gain has to pay the tax and report it”
Yeah? No? (ps. apologies to cabbage farmers, just an example, nothing personal)
Anyways … BTC update:
