Purbaya Officially Imposes Up to 15% Export Duty on Gold

Minister of Finance Purbaya Yudhi Sadewa has officially imposed an export duty on gold exports with a maximum rate of 15%. This provision is stipulated in the Minister of Finance Regulation (PMK) Number 80 of 2025. The regulation will take effect 14 days after December 9, 2025.

An export duty is a tax levied on goods being exported. In its considerations, the government stated that the imposition of this export duty aims to ensure the fulfillment of domestic demand.

In addition, the imposition of the duty is intended to stabilize domestic prices. Another reason is that this policy is expected to support downstreaming programs for gold mineral products in the country, while still taking business sustainability into account.

Gold Export Duty Rates

There are two categories of export duty rates imposed on gold exports, depending on the reference price level:

1. Rates applied when the gold reference price ranges from US$2,800 to below US$3,200 per troy ounce.
2. Rates applied when the gold reference price is US$3,200 per troy ounce or higher.

The following is the detailed export duty rate schedule for gold:

No	Description	Tariff Code	Tariff Based on Reference Price
			US$2,800 ≤US$3.200 /troy once	>US$3.200/ troy once
1	Dore in the form of lumps, ingots, cast bars, and other forms.	ex 7108.12.10	12,5%	15%
		ex 7108.12.90
2	Gold or gold alloys in unwrought form (granules or other forms), excluding dore	ex 7108.12.90	10%	12,5%
3	Gold or gold alloys in unwrought form  (lumps, ingots, and cast bars), excluding dore.	ex 7108.12.10	7,5%	10%
4	Minted bars	ex 7115.90.10	7,5%	10%

Calculating Gold Export Duty

The calculation of the export duty is determined as a percentage of the export price (ad valorem) using the following formula:

Export Duty Rate × Quantity of Goods × Export Price per Unit × Exchange Rate

The export price will be determined by the Director General of Customs and Excise. (ASP/KEN)