Taxes on crypto 2023

Indonesia is imposing a 0.11 percent tax on the transaction value of crypto assets on cryptocurrency capital gains in the 2023 budget.
If you are involved in crypto and make investments, you will have to pay taxes on crypto assets on your capital. It is stated that if your capital assets reach 2.00 million in one tax period, you will be taxed at 0.11 and those who are not registered with the tax haven are 0.22.

Governments inspire people to disclose their crypto holdings. Crypto taxes can be a huge source of revenue for governments. If you declare your crypto holdings on January 1, 2023, you can pay 11% tax.
This incentive is intended to encourage people to get involved in the movement and pay taxes on cryptocurrencies.

There have been mixed reactions to this new crypto tax policy. Paying 11% tax on crypto capital gains is too much. And that can discourage people from investing in cryptocurrencies. You usually take high risks in the crypto market.

But when you make a profit, you have to pay too much tax. So how much will you get after taking all the risk to invest in cryptocurrencies? Some people may not consider investing in crypto a viable option.

The government doesn't like people getting involved in crypto, but there isn't much that can be done about cryptocurrencies. It's proven that they can't ban crypto.

Some people may not consider investing in crypto a viable option.the government doesn't like people getting involved in crypto, but there isn't much that can be done about cryptocurrencies.

It's proven that they can't ban crypto. China banned crypto many times in the past. If banning cryptocurrencies is successful, the government won't have to ban them again and again.
This shows the power of decentralization. It can't be stopped.

A country can take the initiative to prevent people from participating or make it difficult to get involved in crypto, but people from all over the world can use it to do whatever they want.

Some people think that it is a good move to introduce taxes. Authorities recognize crypto as an asset class and make it clear what can be done.

Large institutions feel comfortable investing in cryptocurrencies and the crypto market will grow. You don't feel guilty for thinking that you are doing something that is in a gray area or is not recognized by the government.

This will inspire many people to get involved in crypto and make investments. And that will lead to the mass adoption of the cryptocurrency we dream of. So what do you think? Please leave your comments.

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