Indonesia Sets Gold Export Tax for 2026, Impacting Market
- Indonesia to levy gold export tax by 2026.
- Tax rates range from 7.5% to 15%.
- Aims to increase local gold processing value.
Indonesia plans to impose a 7.5% to 15% export tax on gold by 2026. Febrio Kacaribu, leading this policy, aims to enhance domestic processing and liquidity, leveraging Indonesia’s significant unmined gold reserves.
Points Cover In This Article:
ToggleThis policy seeks to boost domestic gold production value, affecting global markets. Critics argue it may disrupt current export levels.
Export Tax Implementation
Indonesia plans to implement an export tax on gold to enhance domestic production, with rates based on processing levels. The policy, set for 2026, will charge higher taxes on raw gold and incentivize local refining infrastructure . “We want production in Indonesia, as well as liquidity in and ample circulation of gold in Indonesia,” stated Febrio Kacaribu, Director General of Indonesia’s Ministry of Finance.
Focus on Domestic Value Addition
Key officials emphasize the importance of domestic value addition , aiming to keep more gold within local markets. The decision aligns with previous strategies on commodities, targeting increased economic gains for Indonesians.
Market Implications
The tax could alter gold market flows, potentially shifting investments toward local industries . Analysts suggest indirect effects on cryptocurrency markets, given their ties to gold-backed digital assets.
Previous Policy Comparisons
Some market observers predict temporary disruptions similar to past Indonesian mineral policies. These strategies have previously boosted local processing capabilities but sparked temporary price fluctuations.
Future Prospects
Potential outcomes include amplified local industry opportunities and adjustments in international gold trade dynamics . Critical analysis hints at reinforced economic resilience and broader regulatory impacts, leveraging Indonesia’s position in gold production.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dogecoin News Today: Mutuum's Safe DeFi Presale Attracts Investment While Dogecoin's Growth Slows Down
- Dogecoin (DOGE) faces waning momentum as investors shift to Mutuum Finance (MUTM), a DeFi protocol nearing $18.9M in presale funds. - 21Shares' 2x Long Dogecoin ETF (TXXD) highlights institutional adoption, but DOGE's $0.175 price stagnates despite Tesla/AMC partnerships. - Mutuum's Phase 6 presale (90% sold) features 250% price growth and Halborn/CertiK security audits, driving FOMO ahead of $0.06 listing target. - With only 5% public token allocation and Q4 2025 roadmap, Mutuum's scarcity model contras
LUNA rises 4.04% in 24 hours despite ongoing downward trend
- LUNA rose 4.04% in 24 hours to $0.075 but remains down 20.13% monthly amid broader market weakness. - Short-term traders capitalized on dips, yet seven-day declines highlight waning investor confidence and lack of Terra network coordination. - Post-2025 Terra-UST collapse, LUNA struggles to regain dominance as stablecoin competitors capture market share. - Analysts warn volatility persists without fundamental upgrades, emphasizing long-term challenges to rebuild trust and momentum.
AAVE rises 1.9% after Founder Reveals ETHLend Relaunch in 2026 Featuring Built-in Bitcoin Compatibility
- Aave founder Stani Kulechov announced ETHLend 2.0 relaunch in 2026, returning to peer-to-peer lending with native Bitcoin collateral. - The upgrade aims to address original ETHLend's liquidity issues using modern infrastructure, MEV protection, and faster on-chain operations. - Native BTC collateral differentiates it from wrapped BTC, potentially expanding DeFi access for Bitcoin holders and enhancing cross-chain interoperability. - DeFi community shows mixed reactions, with AAVE token up 1.9% but down 2
Blockchain’s Defense Dilemma: Tackling Present-Day Attacks and the Emerging Quantum Challenge
- Port3 Network suffered a $14.45M loss after a hacker exploited a BridgeIn protocol flaw to mint and dump 162.75M PORT3 tokens, triggering an 82% price crash. - The attacker burned 837.25M tokens post-sale, while Port3 halted liquidity and deposits to contain the damage, though the token remains at $0.0086. - QANplatform's quantum-resistant QAN XLINK protocol passed a Hacken audit, addressing long-term risks as 65% of Ethereum addresses face quantum vulnerability. - The incident highlights DeFi's dual thr
Trending news
MoreCrypto prices
More
