Indonesia - what duties apply to gold and silver?

[Silverlocks]

I'm having a hard time finding an answer to what duties or taxes apply to taking silver or gold bullion (coins or bars) into Indonesia.  Does anybody know or could point me to a link where I might find this?

 

[reidpj]

According to this calculator: 15% import duty + 11% VAT

https://www.simplyduty.com/import-calculator/

 

Would, probably, be a good idea to contact the Indonesian Embassy.

Edited August 21, 2022 by reidpj

[Silverlocks]

I have made an enquiry, but not heard a reply back yet.  

From the look of the calculator, any silver and gold bullion attracts 5% duty and 11% GST (VAT).  Monetary gold coins attract 0% duty and 11% GST.

[daca]

8 hours ago, ConcernedOfTunbridgeWells said:

I have made an enquiry, but not heard a reply back yet.  

From the look of the calculator, any silver and gold bullion attracts 5% duty and 11% GST (VAT).  Monetary gold coins attract 0% duty and 11% GST.

Apparently they rollback the 11% VAT on gold bars and granules https://www.its.ac.id/news/en/2022/04/20/itss-role-behind-the-cancellation-of-11-percent-vat-for-gold-bars-and-granules/

Best is to have an official response from Indonesian customs .

[Silverlocks]

On 22/08/2022 at 04:57, daca said:

Apparently they rollback the 11% VAT on gold bars and granules https://www.its.ac.id/news/en/2022/04/20/itss-role-behind-the-cancellation-of-11-percent-vat-for-gold-bars-and-granules/

Best is to have an official response from Indonesian customs .

I have reached out to the embassy and asked, but no reply so far.  Dropping the VAT is interesting.

[Silverlocks]

https://www.cnbcindonesia.com/investment/20220405084025-21-328793/ada-kabar-ppn-11-bakal-di-refund-emas-antam-naik-lagi

Just preserving the link.  It seems that VAT may or may not be punted.