Gold Export Duty Rules Amended, Kemenkeu Distinguishes Between Authentic and Modified Jewellery

The Ministry of Finance (“Kemenkeu”) is currently preparing amendments to Regulation of the Minister of Finance (PMK) No. 80 of 2025 on the Designation of Export Goods in the Form of Gold Subject to Export Duty and Export Duty Tariffs. This measure is intended to close a legal loophole involving the modification of gold bars into jewellery for the purpose of avoiding Export Duty obligations.

“The amendment is currently being finalized together with the Fiscal Policy Agency (Badan Kebijakan Fiskal - “BKF”), with a focus on determining parameters for physical form and weight thresholds so as not to disrupt the authentic handicraft jewellery industry operated by micro, small, and medium-scales enterprises (UMKM),” said Djaka Budhi Utama, Director General of Customs and Excise (“Director General of Customs and Excise”).

The amendment is intended to curb the widespread practice of Unlicensed Gold Mining (Pertambangan Emas Tanpa Izin - “PETI”) and illegal export activities through various exit points across Indonesia, which have resulted in actual export duty revenues from the gold sector falling significantly below the target. Furthermore, the adjustment of the export duty criteria by the Directorate General of DJBC will subsequently be aligned with the monitoring of tax data by the Directorate General of Taxes (DJP), given that exports of gold jewellery and other gold products are subject to Article 22 Export Income Tax (“PPh Article 22”) pursuant to PMK No. 48/2023. 

“Accordingly, adjustments to the form of the commodity can no longer be used to minimize PPh or Value Added Tax (PPN) liabilities,” he added.