Indonesia Eases Tax Burden on Gold Bullion Purchases Below IDR 10 Million
Starting August 1, 2025, individual buyers who purchase gold bullion from authorized Bullion Banks in Indonesia gain a tax break. Buyers who pay less than IDR 10 million (about USD 670) will not pay the 0.25% withholding tax under ITA 22. The government sets this rule to cut tax steps. It also supports growth in the bullion trade.
Background: Simplifying Taxation in the Bullion Market
Before this change, gold bullion deals had extra tax rules. Sellers kept a 0.25% tax. At the same time, the bullion service institution had a 1.5% tax rule. That overlap made the process long and heavy on costs.
The new rule comes from the Ministry of Finance’s PMK Numbers 51 and 52 of 2025. The rule also matches Law Number 4 of 2023 on Financial Sector Growth. The law sees more work in gold trading, storage, finance, and custody.
Key Provisions of PMK 51 and PMK 52 of 2025
• Bullion Financial Roles:
Bullion Banks and related service institutions act as the main agents to collect ITA 22 on gold bullion.
• Tax Rate:
Imported gold bullion pays a 0.25% tax. Sales under IDR 10 million do not need tax.
• Tax Exemptions:
Sales of gold bullion or jewelry stay free from the ITA 22 tax when they come from approved sellers, small business taxpayers under the Final Income Tax rule for MSMEs, holders of exemption certificates, Bank Indonesia, digital gold markets, or sales to Bullion service institutions.
• Tax Threshold:
Sales that pass the IDR 10 million mark to Bullion service institutions attract a 0.25% tax.
Implications for the Market and Investors
This update may boost retail gold buying by cutting tax on small sales. The rule may help Bullion Banks grow by keeping work short and clear. It also supports the transfer of gold trade into digital markets and fits shifts seen in digital finance.
Broader Context: Digitization of Traditional Assets in Indonesia
This change fits Indonesia’s plan to bring gold into regulated markets. The approach uses digital methods and token models. It aims to build clear prices, more trade funds, and a safe path for tax rules.
Future Outlook
Experts see these changes as a step that can add trust to Bullion Banks. The government aims to balance tax income with growth in gold investment and trade.
For updates on rules affecting gold bullion and other investments, keep up with news and official government releases.
