Inp.polri.go.id - Jakarta.   The government has enacted a 0.25% income tax on gold bullion purchases by financial institutions acting as bullion banks, effective Friday (1/8/2025). End consumers, however, are exempt.

The policy is outlined in Ministerial Regulations (PMK) No. 51/2025 and No. 52/2025, aiming to prevent double taxation in gold transactions.

“Previously, sellers charged 0.25% while bullion banks also collected 1.5%. The new regulation streamlines this and reduces the burden,” said Director General of Taxes Bimo Wijayanto in a press briefing, as quoted by antaranews.com.

The tax now applies uniformly to both domestic and imported gold bullion purchases. Transactions below Rp 10 million are excluded. Exemptions also apply to final-tax MSMEs, SKB PPh 22 holders, Bank Indonesia, digital gold markets, and end buyers like household consumers.

“Antam sells to end consumers, like housewives. Those buyers will not be taxed,” Director of Tax Regulation Hestu Yoga Saksama said, referring to state mining company that sells gold bars to public, 

(mg/inp/pr/rs)