REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 53 OF 2025CONCERNING AMENDMENT TO THE REGULATION OF THE MINISTER OF FINANCE NUMBER 11 OF 2025 ON THE PROVISIONS OF ALTERNATIVE VALUE AS THE BASIS FOR IMPOSITION OF TAX AND SPECIFIC RATES OF VALUE-ADDED TAX (PMK 53/2025)
SUMMARY:
- PMK 53/2025 was promulgated to ensure legal certainty regarding cryptocurrency trading transactions, and to adapt to the development of such digital asset trading, thus necessitating an amendment to the taxation provisions thereof.
- PMK 53/2025 was issued to adjust the provisions on other values as the basis for imposing taxes and certain amounts of value added tax on crypto asset trading transactions in Minister of Finance Regulation No. 81 of 2024 as amended by Minister of Finance Regulation No. 11 of 2025, thereby necessitating amendments to Minister of Finance Regulation No. 11 of 2025.
- PMK 53/2025 regulates the following:
a. Article 20 of Minister of Finance Regulation No. 11 of 2025 is amended in relation to provisions concerning the specific amount of VAT in Minister of Finance Regulation No. 81 of 2024 and its amendments.
b. Amendments to Article 313(2) and (3) regarding the collection of VAT on commissions for insurance agents and brokers. VAT is collected at a specific rate, not based on the actual transaction value.
Specific rate:
I. Insurance Agents: 10% × 11/12 × VAT rate × commission/fee.
II. Insurance/Reinsurance Brokers: 20% × 11/12 × VAT rate × commission/remuneration.
The commission referred to is the gross value before income tax deduction. This also includes commissions received by insurance agents from their subordinates.
c. Amendments to Article 324(2) regarding VAT on self-construction activities are also collected at a fixed rate. Specific amount: 20% × 11/12 × VAT rate × tax base. Tax base: Total construction costs until completion, excluding land prices.
d. Repeal of Articles 343 and 354 of Minister of Finance Regulation No. 11 of 2025.
ADDITIONAL PROVISIONS:
- PMK 53/2025 was enacted on July 25, 2025.
- PMK 53/2025 came into effect on August 1, 2025.
- PMK 53/2025 was promulgated on July 28,2025.
Author : Dina Normanza Sibagariang
Download:
Peraturan Menteri Keuangan Nomor 53 Tahun 2025.pdf
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