Businessman Complains Policy Mandatory 100 Percent DHE SDA, Deputy Minister Of Finance Gives Explanation

Deputy Minister of Finance Suahasil Nazara (Photo: Antara)

JAKARTA - The government has officially issued Government Regulation (PP) number 8 of 2025 concerning Export Result Foreign Exchange (DHE) from business activities, management, and natural resource processing (SDA) which will take effect on March 1, 2025.

However, there are a number of mining entrepreneurs who still object to the government's policy of requiring 100 percent DHE SDA to be stored in the domestic financial system within one year.

Responding to this, Deputy Minister of Finance (Wamenkeu) Suahasil Nazara conveyed that the DHE SDA policy aims to ensure exports from Indonesian natural resources, such as mines, coal and minerals spinning domestically, which have not been circulating again in the country.

"We want if we have a mine, then we sell it, then the export foreign exchange results really rotate domestically. In fact, if we look at Indonesia's history, in selling produce, it might have been built from the start," he said in CNBC Indonesia Economic Outlook 2025, Wednesday, 26 February.

Suahasil explained that the mining results in the last 50 years may not be so looked at, now, the government wants the export results to not only flow out, but rotate in the domestic economy, such as in the form of rupiah or used to strengthen the Indonesian economy.

"This will be very good. If it doesn't turn into rupiah but it is in the country, it will also be good. So what we want is that after we build an economy for more than 50 years, we see that the foreign exchange of our exports should be able to create an Indonesian economy with a stronger round," he explained.

Furthermore, Suahasil conveyed that this policy aims to strengthen domestic liquidity and encourage a stronger economy with our natural resources.

According to him, the placement of DHE SDA will not interfere with the company's operations because DHE SDA can still be used by exporters to exchange to rupiah in banks that carry out business activities in the same foreign currency, payments in foreign currency for tax obligations, non-tax state revenues (PNBP) and other obligations to the government in accordance with the provisions of the legislation.

Suahasil said that the banking sector will provide flexibility for companies to use export foreign exchange if the DHE is placed domestically, greater tax incentives will be given, both in the form of conversion to rupiah and fixed in the form of dollars.

"We want Indonesia's SDA export results to be domestic and then the domestic economy can turn stronger. We want stronger economic rounds in the country because we have more liquidity in the country, which comes from our mining exports," he concluded.