- Indonesia will impose export duties on gold products starting December 23.
- Duties will range from 7.5% to 12.5% when gold prices are between $2,800 and $3,200 per troy ounce, and rise to 10%-15% if prices reach $3,200.
- Minted bars will have the lowest duties; dore (semi-pure ingots) will have the highest.
- The reference price for duties will be set periodically by the trade ministry.
- The tax is expected to generate up to $180 million in revenue in 2026.
Source: channelnewsasia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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