Indonesia has completed a new export duty formula for coal, gold, and other mineral commodities as part of its strategy to strengthen state revenue and support downstream activities. ESDM Minister Bahlil Lahadalia explained that export duties will now follow global price movements, allowing the government to impose duties when prices rise and ease them during weaker market conditions. Gold, however, will consistently remain subject to export duty due to its elevated global price levels. The Finance Ministry confirmed that officials have agreed on a gold export duty range of 7.5% to 15%, which will soon be formalized through a ministerial regulation mandated by the 2026 State Budget Law. Demand for gold remains high through state-owned Pegadaian and Bank Syariah Indonesia, while global prices surged above USD4000 per troy ounce in the fourth quarter of 2025. The upcoming regulation will apply to processed gold products such as dore, granules, cast bars, and minted bars.

Finance Minister Purbaya Yudhi Sadewa noted that the policy is expected to generate as much as IDR6 trillion (approximately USD360 million) in additional annual revenue, contributing to fiscal resilience while supporting Indonesia’s long-term industrial goals. By aligning export duty mechanisms with global market dynamics, the government aims to create a more responsive and growth-oriented regulatory environment. The formula is also designed to encourage value-added processing within Indonesia, ensuring that the country captures greater economic benefits from its mineral resources. Overall, the finalized framework signals stronger policy coordination across ministries and reinforces Indonesia’s commitment to optimizing natural resource management for sustainable national development.

Source:
https://en.antaranews.com/news/393477/indonesia-finalizes-export-duty-formula-for-gold-coal-minerals