FX.co ★ Indonesia Plans 2026 Gold Export Tax of Up to 15%

Indonesia is in the final stages of developing a proposal to introduce an export tax on gold products, ranging from 7.5% to 15%, anticipated to be implemented next year, a senior official from the finance ministry revealed on Monday, according to Reuters. The proposed tax system is structured to impose higher rates on raw gold products and more moderate rates on refined products, thereby promoting domestic processing and value addition, explained Febrio Kacaribu, the ministry's Director General of Fiscal Strategy, during a parliamentary session. He provided an example, stating that gold dore, bars, or ingots, which contain impurities, would attract a higher tax rate, whereas minted bars would incur a lower rate. Additionally, the levels of taxation will also be influenced by global gold prices, he noted.