The government, through the Ministry of Finance, officially issued the Minister of Finance Regulation number 80 of 2025 on the Determination of Export Goods in the Form of Gold Subject to Export Duty and Export Duty Rates. The main objective of the government in implementing this regulation is to support the down streaming of gold mineral products in the country as well as to guarantee domestic demand and maintain the price of gold commodities.
In accordance with the regulation in Article 3 paragraph 2, the government applies two layers of tariffs based on the reference price of gold per troy ounce. The layers are as follows:
a. Start USD2,800 to USD3,200 per troy ounce, the export duty rates are 12%, 10%, 7.5% and 7.5%.
b. Above USD3,200 per troy ounce, the export duty rates are 15%, 12.5%, 10% and 10%.
Next, the amount of export duty can be calculated using a percentage scheme with the following formula: export duty rate x number of units of goods x export price x exchange rate. The export price used to calculate the export duty percentage formula is determined by the Directorate General of Customs and Excise in accordance with the export reference price (HPE) as stipulated in Article 5 paragraph 2.
Based on the attachment to the Minister of Finance Regulation number 80 of 2025, for dore products (in the form of nuggets, ingots, cast bars, and others), the government has set a rate of 12.5% for the first price (US$2,800 to US$3,200), and 15% if the price of gold exceeds US$3,200 per troy ounce. On the other hand, for downstream products such as minted bars (printed gold bars) and gold in the form of nuggets/ingots/cast bars (excluding dore), the rate is set lower at 7.5% for the first price, and increases to 10% for the second price.
The implementation of the Minister of Finance Regulation number 80 of 2025 is expected to reduce the 2026 state budget deficit due to state revenue from gold export duties. In addition, it is also expected to maintain the stability of domestic gold demand and support the down streaming program being carried out by the government.
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 number 80 of 2025 on the Determination of Export Goods in the Form of Gold Subject to Export Duty and Export Duty Rates.
