Purbaya: Gold Exit Customs Is Needed To Strengthen Export Downstreaming And Supervision

JAKARTA - Finance Minister Purbaya Yudhi Sadiveh plans to start implementing out duties for gold exports by 2026.

He explained that there were a number of considerations that underlie the policy plan.

According to Purbaya, Indonesia is currently the fourth-largest gold reserve country in the world, but its supplies continue to decline.

On the other hand, he added that global gold prices showed a significant spike, which in November 2025 had reached 4,076.6 US dollars per troy ounce.

"At the same time, global gold prices show a sharp upward trend of reaching 4,076.6 US dollars per troy ounce in November 2025, in line with the priorities for developing the Indonesian bank's bullion ecosystem, the need for domestic gold supply is increasing. Therefore, the duty policy instrument is needed to come out to support the availability of gold supply in Indonesia," he said in a working meeting with Commission XI DPR RI, Monday, December 8.

He added that Article 2A of the Customs Law stipulates that outbound duties can be enforced to ensure domestic needs are met, protect the sustainability of natural resources, anticipate rising export commodity prices in the global market, and maintain price stability in the country.

So that the downstream process is more optimal, Purbaya explained that the output duty tariff structure will be made tiered, with the tariff for upstream products higher than downstream products.

In addition, he added that gold export supervision will also be tightened through regulations prohibiting exports of gold products with levels below 99 percent.

Meanwhile, 99 percent or better gold in the form of bars, ice, and export granul can only be done after the company submits a surveyor report (LS).

Purbaya said that this policy was prepared to ensure that every gold commodity that came out of Indonesia had its levels and accuracy verified, so that export supervision and governance could be increased.

"Instrumen agar keluar diharapkan dapat mendukung optimalisasi pengawasan good governance dalam transaksi ekspor emas," jelasnya.

Purbaya said that the imposition of gold duty is aimed at encouraging increased added value in the country through the downstream process, meeting the needs of gold in the bullion bank ecosystem, strengthening supervision of governance of gold transactions, and increasing state revenues.

According to records, the government plans to set a gold exit fee at a rate of between 7.5 percent and 15 percent.