On October 10, 2025, the government enacted the Minister of Finance Regulation Number 68 of 2025, which amends the Minister of Finance Regulation Number 38 of 2024 regarding the Determination of Export Goods Subject to Export Duty and Export Duty Rates. The export goods previously subject to export duty include:
- Leather and wood,
- Cocoa beans,
- Palm oil, crude palm oil, and their derivative products,
- Processed metal mineral products, and
- Metal mineral products with specific criteria
The reason the government imposes export duties on certain goods is because it wants to ensure that domestic demand is met, protect natural resources, anticipate commodity price spikes in the international market, and maintain domestic price stability.
In the Minister of Finance Regulation Number 68 of 2025, article 2 paragraph 2, pine resin has been added to the list of export goods. Thus, the list of export goods subject to export duties has increased to:
- Skin and wood,
- Cocoa beans,
- Palm oil, crude palm oil, and its derivative products,
- Processed metal mineral products,
- Metal mineral products with certain criteria,
- Pine resin.
In addition to the addition of pine resin, article 12A also regulates the export duty rate for pine resin at 25% in accordance with Appendix G, which is part of the Minister of Finance Regulation Number 68 of 2025.
In addition, the regulation also reduces the export duty rates for cocoa bean exports to 0%, 2.5%, 5%, and 7.5% in line with international prices. Another change in Appendix C is that the government has added palm oil derivative products, including palm oil mill effluent oil, high acid palm oil, and fatty acid products. The addition of pine resin to the list of products subject to export duty is expected to ensure that domestic demand for pine resin, which is used as a raw material for the manufacture of paint, coatings, and adhesives, is met.
By Olina Rizki Arizal – Partner
TBrights is a tax consultant in Indonesia that is currently an Integrated Business Service in Indonesia that can provide comprehensive tax and business services.
Reference:
- The Minister of Finance Regulation Noumber 68 of 2025 concerning Amendments to Minister of Finance Regulation No. 38 of 2024 concerning the Determination of Export Goods Subject to Export Duty and Export Duty Rates
