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Indonesia - what duties apply to gold and silver?


Silverlocks

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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?

 

The Sovereign is the quintessentially British coin.  It has a German queen on the front, an Italian waiter on the back, and half of them were made in Australia.

 

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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.

The Sovereign is the quintessentially British coin.  It has a German queen on the front, an Italian waiter on the back, and half of them were made in Australia.

 

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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 .

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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.

The Sovereign is the quintessentially British coin.  It has a German queen on the front, an Italian waiter on the back, and half of them were made in Australia.

 

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  • 3 weeks later...

The Sovereign is the quintessentially British coin.  It has a German queen on the front, an Italian waiter on the back, and half of them were made in Australia.

 

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