Government Introduces New DHE Regulations to Incentivise Compliant Exporters
The government has officially implemented new regulations on Foreign Exchange from Natural Resource Exports (DHE SDA) through Government Regulation (PP) No. 21 of 2026, effective from 1 June 2026.
The Ministry of Finance stated in an official release that the policy is part of efforts to retain foreign exchange domestically to strengthen national economic resilience and bolster the stability of the national financial system.
Finance Minister Purbaya Yudhi Sadewa said the government requires natural resource exporters to repatriate DHE SDA domestically with 100% compliance. The policy is designed to optimise the benefits of natural resource exports for the national economy by increasing foreign currency liquidity, thereby supporting exchange rate stability and financing national development.
“Under the regulations, non-oil and gas exporters must place 100% of DHE SDA in a dedicated domestic account for at least 12 months, while oil and gas exporters are required to hold at least 30% for a minimum of three months,” the Ministry of Finance said.
Furthermore, the Ministry of Finance stated that DHE SDA placements must be made through state-owned banks (BUMN). Additionally, the government has set a maximum conversion limit of 50% from foreign currency to rupiah to ensure optimal management of export earnings.
Incentives for Businesses
In line with the compliance requirements, the government is offering various facilitations and incentives to businesses meeting the conditions. One form of support is tax facilities with reduced Income Tax (PPh) rates on earnings from DHE SDA placements.
Under this policy, exporters placing DHE SDA domestically can benefit from competitive PPh rates, even as low as 0%, depending on the deposit period. This offers significant advantages over regular investment instruments, which typically carry higher tax rates.
The government emphasised that the DHE SDA policy is not solely focused on compliance but also rewards businesses contributing to national economic stability by repatriating export earnings. This provides businesses with regulatory certainty and fiscal benefits supporting sustainable operations.
The government also offers flexibility to exporters from countries with bilateral agreements or trade understandings with Indonesia. This measured approach ensures smooth trade and investment activities while maintaining optimal contributions of SDA export earnings to national development.
Through the implementation of PP No. 21 of 2026, the government is optimistic of a significant increase in domestic foreign exchange retention. The policy aims to strengthen external sector resilience, boost development financing capacity, and maintain national economic stability amid global economic challenges and dynamics.