The Indonesian government is finalizing plans to implement a gold export tax which will come into effect in 2026.
This policy is projected to increase state revenues by up to IDR 2 trillion while strengthening downstreaming to reduce dependence on raw gold exports.
The Indonesian government plans to impose an export tax (export duty) on gold commodities starting in 2026 as a regulatory measure for national exports.
The tax rate applied will be in the range of 7.5% to 15%, depending on the type of gold product being exported.
Export tax policy plan gold This is being finalized through a Minister of Finance Regulation (PMK) and is expected to be promulgated soon. The government is targeting additional income of around IDR 1.5 trillion to IDR 2 trillion per year from gold export activities which are subject to export duties.
This policy is also aimed at reducing dependence on the raw goods sector and increasing domestic processing capacity.
With lower tariffs for refined gold, the government hopes that the gold refining industry will grow further and produce greater added value.
In addition, the tax rate structure for gold mineral exports also takes into account global gold price conditions. When gold prices are very high, the government has the potential to increase tariffs so that the country can capture greater economic value from gold export activities.
Indonesia has very large gold ore (unmined) reserves and is one of the countries with the largest gold mineral potential in the world. Based on data from the United States Geological Survey (USGS), Indonesia’s gold ore reserves reach 3,491 tons.
The increase in Indonesian gold exports in recent years has also been very significant. In the first nine months of 2025, the value of gold exports was recorded at US$ 1.64 billion, far exceeding the total exports in 2024 of US$ 1.1 billion.
The main destination countries for Indonesian gold exports include Singapore, Switzerland and Hong Kong.
The government wants to ensure that this tax policy on exports does not disrupt domestic gold circulation. Febrio Kacaribu explained that gold circulating in the local market must have good liquidity so that it can be “immediately enjoyed by the people”.
However, there are concerns that strict regulation of this could affect the availability of gold bullion on the local market if it is not balanced by other policies that support supply.
For producers, higher tariffs on raw gold could be an additional pressure, especially for businesses that do not yet have refining facilities.
If the export duty policy on gold is too high without adequate incentives, there is a risk that some producers will choose to export gold illegally or move their operations to other countries with lighter regulations.
From the consumer side, excessive restrictions could impact the stock of gold bullion in the domestic market, especially if demand is high.
Overall, this policy has had positive impacts such as increasing the added value of national gold, increasing state revenues from gold exports, and strengthening the sovereignty of mineral resources.
However, potential negative impacts such as pressure on miners and global price fluctuations must be managed with appropriate incentive policies. Follow news in the mining sector only at minercomedia
Source: www.minercomedia.com
