Wedoany.com Report-Dec.11, Indonesia will impose export duties on gold products starting December 23, according to a regulation published on the Finance Ministry website on Wednesday. The measure is expected to generate approximately $180 million in revenue for the country in 2026.

The duties will range from 7.5% to 12.5%, depending on the product type, when the government-set reference price of gold is between $2,800 and $3,200 per troy ounce. If the reference price reaches or exceeds $3,200 per troy ounce, the duties will increase to between 10% and 15%.

Minted gold bars will be subject to the lowest rates, while doré — semi-pure gold ingots — will face the highest duties, the regulation stated. The reference price will be determined periodically by the Trade Ministry based on international benchmark gold prices.

On Monday, Finance Minister Purbaya Yudhi Sadewa announced that the new export tax on gold is projected to bring in up to 3 trillion rupiah ($180 million) in government revenue next year.

The policy applies specifically to exports and does not affect domestic consumption or imports of gold products. By introducing tiered duties linked to global price levels, authorities aim to secure additional fiscal income during periods of elevated gold prices while maintaining different rates according to the level of processing of the exported products. The regulation takes effect just before the end of 2025, giving exporters a short preparation period before the new duties begin.