JAKARTA - The government is preparing a policy to exempt income tax (PPh) on interest from the placement of foreign exchange from the export of natural resources (DHE SDA) in the country as an effort to encourage exporters to place their foreign exchange in national banks.
Coordinating Minister for the Economy Airlangga Hartarto, said the policy would be regulated through Government Regulation (PP) Number 21 of 2026 which will take effect on June 1, 2026.
In the new rules, the oil and gas sector (migas) continues to follow the current provisions, namely the obligation to place 30 percent of DHE for three months.
Meanwhile, for non-oil and gas sectors such as crude palm oil (CPO), coal, and other mining sectors, the government will encourage longer retention of foreign exchange through the State-Owned Bank Association (Himbara) banks.
Airlangga explained that non-oil and gas sector exporters are required to place DHE for 12 months in national banks, with the provision that 50 percent of the funds are converted into rupiah.
"Then for other natural resources, namely for the CPO sector, then also the coal and other mining sectors will be encouraged for one year of retention in the banking sector through Himbara, which is converted into 50 percent of the rupiah and that is for a period of 12 months," he said. in the National Conference on Regional Economic Development, Monday, May 25.
However, Airlangga said exporters were still allowed to use funds in US dollars for import needs and other foreign exchange transactions.
Meanwhile, he said that if the need for the rupiah exceeds the 50 percent conversion portion, the government together with Bank Indonesia and the banking sector has prepared an additional financing scheme through a loan mechanism.
"However, if it is for the needs of imports and others can use the dollar, while the rupiah needs if it is more than 50 percent of BI prepares or from the banking sector prepares a loan mechanism," he explained.
In addition to providing flexibility in the use of funds, Airlangga said the government also ensured that interest from the placement of DHE in US dollars would not be subject to income tax.
He added that this policy is expected to increase the interest of exporters to place their foreign exchange in the country so that it can strengthen foreign exchange liquidity and maintain the stability of the rupiah exchange rate.
"In terms of the government, the PPH is not imposed, so it is not free from interest income from the dollar, which is exempt from PPH," he explained.
Airlangga also revealed that the government opened opportunities for the placement of DHE through banks other than Himbara for countries that have had cooperation agreements with Indonesia, and further provisions regarding banks that can accept DHE placements will be regulated by Bank Indonesia.
"Then those related to countries that have agreements with Indonesia are not allowed to go through kimbara. So the banks that are allowed and this will be from BI will issue a letter related to this," he said.
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