Indonesian government to impose export duty on gold starting 2026

Finance Minister Purbaya Yudhi Sadewa announced that Indonesia will levy an export duty on gold starting in 2026. The statement was made to the House of Representatives on Monday, 8 December 2025.

The measure responds to a decline in national gold ore reserves, which fell from 3,510 tonnes in 2022 to 3,491 tonnes in 2023. The policy sets higher duties on upstream products than downstream, applies progressive rates linked to commodity prices, and restricts exports to gold of 99 % purity or higher requiring a Surveyor Report.

The export duty aims to secure domestic gold supply, strengthen the bullion‑bank ecosystem, and increase fiscal revenue. It also tightens export monitoring to improve good governance of gold transactions.