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| Purbaya Yudhi Sadewa |
Knock!!! Purbaya Yudhi Sadewa imposes gold export duties of up to 15% starting in 2026 Minister of Finance (Menkeu) Purbaya Yudhi Sadewa officially set export duty rates for gold export commodities through Minister of Finance Regulation (PMK) Number 80 of 2025.
The regulation was stipulated on November 17 2025, promulgated on December 9 2025, and came into effect 14 days after the date of promulgation to strengthen supervision and control of gold exports through a tiered tariff scheme.
In this regulation, the government emphasizes the basis for imposing export duties on gold products. "Export duties in the form of gold may be subject to export goods," wrote PMK Number 80 Article 2.
The tariff policy is determined progressively based on the type of gold product and the reference price used as a calculation reference.
Purbaya sets a range of export duty rates between 7.5% to 15%. The rate follows the movement of international gold reference prices. If the price is in the range of USD 2,800–3,200 per troy ounce, the export duty rate is between 7.5% and 12.5%. However, when prices exceed USD 3,200 per troy ounce, rates increase to 10% to 15%. This tariff structure is designed so that the levy level follows the economic value of the exported commodity.
The calculation of export duties is carried out ad valorem using the formula for the export duty rate multiplied by the number of units of goods, the export price per unit, and the exchange rate. The export price used in the calculation is taken from the Export Benchmark Price (HPE) determined by the Director General of Customs and Excise. This mechanism ensures that the process of determining export values follows uniform standards and can be monitored.
PMK 80/2025 also details the types of gold products that are subject to tariffs according to their category and physical form. Dore products in the form of lumps, ingots, cast rods and other forms are subject to a tariff of 12.5% or 15%, depending on the reference price range. This category has the highest rates because it is considered to have a high gold content and great commercial value.
For unwrought gold or gold alloy in granules and other non-bar form, the rate is set at 10% or 12.5%. This product is a raw material that requires further processing before entering the gold industry processing chain.
Meanwhile, gold or gold alloy that is not wrought in the form of lumps, ingots and cast bars is subject to a tariff of 7.5% or 10%. The same rate applies to minted bars, namely in the range of 7.5% to 10%, with the amount adjusted to the gold reference price. Products in this group have generally gone through the formation process but are still at the Middle Product stage.
With these tariff details, PMK 80/2025 is the basis for the latest law regulating the structure of gold export levies. This regulation introduces a gradual tariff system according to international price dynamics and product characteristics, while providing certainty for business actors regarding the cost components of gold exports.