Antam Requests Equalisation of PPh 22 Tax Rates for Gold Purchases by SOEs

Jakarta (ANTARA) - PT Aneka Tambang Tbk (Antam) has requested support from the House of Representatives’ Commission VI to promote the equalisation of income tax (PPh) treatment under Article 22 for gold purchases by state-owned enterprises (SOEs). During a hearing with Commission VI of the House of Representatives in Jakarta on Tuesday, Antam’s President Director Untung Budiharto highlighted the imposition of PPh Article 22 at 1.5% on the delivery of goods and services to SOEs, which he deemed higher than the treatment for non-SOEs. He noted that based on Minister of Finance Regulation (PMK) No. 51 of 2025, the PPh Article 22 rate for gold purchases by bullion banks is set at 0.25%. “Based on PMK 51 of 2025, the rate is 0.25%, whereas we SOEs are charged 1.5%, which is six times higher than that collected from non-SOEs,” said Untung. “We hope for the House of Representatives’ support to equalise the PPh treatment for gold purchases, both by SOEs and non-SOEs,” he added. Besides the PPh 22 issue, Antam also requested that pure silver products receive value-added tax (VAT) exemptions similar to those applied to pure gold bullion. Untung stated that currently, domestic purchases of silver bullion are subject to a 12% VAT rate, while exports are not subject to VAT. This condition is also seen as hindering the optimisation of added value and domestic economic circulation, particularly in developing the domestic silver bullion investment market. With equal treatment, Antam commits to continuing to strengthen its performance, increasing added value through downstream processing, and maintaining transparent, accountable, and fair governance.