REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 52 OF 2025 CONCERNING THE SECOND AMENDMENT TO THE REGULATION OF THE MINISTER OF FINANCE NUMBER 48 OF 2023 ON INCOME TAX AND/OR VALUE ADDED TAX ON THE SALE/DELIVERY OF JEWELRY GOLD, GOLD BULLION, NON-GOLD JEWELRY, PRECIOUS STONES AND/OR OTHER SIMILAR STONES, AND SERVICES RELATED THERETO, CONDUCTED BY JEWELRY MANUFACTURERS, JEWELRY TRADERS, AND/OR GOLD BULLION BUSINESSES (PMK 52/2025)
SUMMARY:
- PMK 52/2025 was enacted to provide legal certainty, equitable tax treatment, and administrative convenience in the imposition of Income Tax (PPh) on bullion-related business activities.
- PMK 52/2025 was issued to adjust the provisions in Minister of Finance Regulation No. 48 of 2023 concerning Income Tax and/or Value-Added Tax (VAT) on the sale or delivery of gold jewelry, gold bullion, jewelry made entirely of non-gold materials, precious stones and/or similar stones, and services related thereto, as conducted by jewelry manufacturers, gold jewelry traders, and/or gold bullion entrepreneurs, as amended by Minister of Finance Regulation No. 11 of 2025.
- PMK 52/2025 regulates the following:
1. No PPh Article 22 tax shall be levied on the sale of gold jewelry/gold bars to: End consumers, taxpayers subject to final PPh UMKM tax as long as they have submitted a photocopy of a confirmed certificate in the DJP system. Taxpayers holding a Certificate of Exemption from PPh Article 22 collection in accordance with tax legislation regulations.
2. No withholding of PPh Article 22 on the sale of gold bars by gold traders to: Bank Indonesia, Through the digital physical gold market in accordance with commodity futures trading regulations, Financial institutions conducting bullion business activities that have been licensed by the OJK.
3. The exemption from withholding income tax under Article 22 in paragraph (1) letter a and paragraph (2) is granted without a certificate of exemption from withholding and/or collection of income tax.
ADDITIONAL PROVISIONS:
- PMK 52/2025 was enacted on July 25, 2025.
- PMK 52/2025 came into effect on August 1, 2025.
- PMK 52/2025 was promulgated on July 28, 2025.
Author: Dina Normanza Sibagariang
Download:
Peraturan Menteri Keuangan Nomor 52 Tahun 2025.pdf
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