08/12/2025
Upcoming Regulation: Possible Requirement for Exporters to Deposit 100% of Export Earnings in Indonesia
The Indonesian government is currently revising Government Regulation No. 36 of 2023 on Export Earnings (Devisa Hasil Ekspor – DHE) from natural resource–related business activities. Under the proposed changes, exporters with a minimum export value of USD 250,000 may soon be required to deposit 100% of their export earnings in Indonesia, effective 1 March 2025.
This marks a significant shift from the existing rule, which mandates only 30% of DHE to be kept domestically for at least three months.
The revised policy will affect exporters in the mineral and coal, fisheries, and plantation sectors. Export earnings will need to be deposited through banks operating in Indonesia.
While the policy aims to strengthen Indonesia’s financial system, it may pose challenges for exporters—especially those with foreign financial obligations such as loan repayments, supplier contracts and investment commitments. A sudden increase to 100% DHE retention could disrupt cash flow and operational planning.
To support exporters, the government is preparing several facilities and incentives, including:
• 0% income tax on interest from DHE deposits
• Use of DHE as collateral for back-to-back rupiah loans
• Currency swap options for domestic needs
• The ability to use DHE for tax, royalty and dividend payments
As this potential regulation could bring both opportunities and challenges, careful consideration and preparation will be crucial. We will continue to monitor developments and share updates once the regulation is officially released.
The Indonesian government is in the process of revising Government Regulation No. 36 of 2023 on Export Earnings (Devisa Hasil Ekspor “DHE”) from Business, Management, and/or Processing Activities Relating to Natural Resources. Under this revision, it is expected that exporters with a minimum exp...