The Indonesian Minister of Finance (MoF) has issued Regulation Number 108 Year 2025 (MoF 108) establishing the statutory basis for implementing the Crypto-Asset Reporting Framework (CARF). Under the regulation, which took effect on 29 December 2025, the Directorate General of Taxes (DGT) is authorised to access data maintained by reporting exchanges or crypto service providers. Digital financial assets—ranging from e-wallet balances to crypto assets—are being progressively incorporated into the official reporting system to enhance transparency and support tax equity.
MoF 108 requires Crypto Asset Service Providers, including exchanges that meet the applicable nexus criteria, to submit periodic reports containing relevant crypto asset information to the DGT. Reporting entities must also conduct customer due diligence, including collecting and verifying customer identity, tax residency, self-certification and tax identification number (TIN) information. Where relevant, information on controlling persons or beneficial owners must be reported.
The regulation mandates reporting of transactions that contain crypto asset information, such as:
The issuance of MoF 108 underscores Indonesia’s commitment to strengthening tax transparency, combating tax evasion and enhancing oversight of digital financial and crypto-asset activities in alignment with international standards. The framework is designed not only to expand potential state revenue, but also to ensure regulatory coherence as digital financial markets evolve. Additional implementing regulations—including detailed reporting formats and potential administrative penalties for noncompliance—are expected to be issued by the MoF.
Irwan Kusumanto
Octa Surya Fatra
Suwenny Leonardi
BDO in Indonesia
MoF 108 requires Crypto Asset Service Providers, including exchanges that meet the applicable nexus criteria, to submit periodic reports containing relevant crypto asset information to the DGT. Reporting entities must also conduct customer due diligence, including collecting and verifying customer identity, tax residency, self-certification and tax identification number (TIN) information. Where relevant, information on controlling persons or beneficial owners must be reported.
The regulation mandates reporting of transactions that contain crypto asset information, such as:
- Exchanges of crypto assets and fiat currencies;
- Exchanges involving one or more types of relevant crypto assets (i.e., swaps);
- Reportable retail payment transactions, meaning transfers of crypto assets used as payment for goods or services. Mandatory reporting applies to relevant transfers exceeding USD 50,000; and
- Transfers of relevant crypto assets.
BDO Perspective
The issuance of MoF 108 underscores Indonesia’s commitment to strengthening tax transparency, combating tax evasion and enhancing oversight of digital financial and crypto-asset activities in alignment with international standards. The framework is designed not only to expand potential state revenue, but also to ensure regulatory coherence as digital financial markets evolve. Additional implementing regulations—including detailed reporting formats and potential administrative penalties for noncompliance—are expected to be issued by the MoF.Irwan Kusumanto
Octa Surya Fatra
Suwenny Leonardi
BDO in Indonesia