New DHE SDA Regulations Take Effect Tomorrow, Purbaya Outlines Rules
The government will enforce new regulations on the management of Foreign Exchange from Natural Resource Exports (DHE SDA) effective Monday, 1 June 2026. The rules mandate exporters to repatriate foreign exchange earnings to the domestic market.
Finance Minister Purbaya Yudhi Sadewa explained the new rules are outlined in Government Regulation (PP) No. 21 of 2026, which amends PP No. 36 of 2023 on Foreign Exchange from Natural Resource Exploitation, Management, and/or Processing.
“Under PP No. 21/2026, the government has introduced new provisions regarding DHE SDA placement. Among these, natural resource exporters must repatriate 100% of their foreign exchange earnings domestically,” Purbaya stated at a press conference for PT DSI’s operational preparation in Jakarta on Sunday (31 May 2026).
Non-oil exporters are required to hold 100% of DHE SDA in domestic special accounts for at least 12 months, while oil exporters must hold a minimum of 30% for at least three months. Additionally, conversion of DHE SDA to rupiah is capped at 50%.
“DHE SDA placement must be conducted through Himbara banks. However, the government will provide relaxations for certain exporters, particularly in the oil and non-oil mining sectors,” he said.
Purbaya said relaxations apply to exporters with buyers from countries that have bilateral trade agreements or trade cooperation with Indonesia.
“Exporters bound by bilateral agreements are permitted to place up to 30% of DHE SDA in non-Himbara banks, with a maximum placement period of three months,” he added.
Furthermore, Purbaya noted the government is offering tax incentives to exporters who comply with domestic DHE SDA placement requirements. These include reduced Income Tax (PPh) rates compared to standard instruments.
He stated that the PPh rate on DHE SDA placements could be 0%, significantly lower than the standard 20% tax on regular instruments. The 0% rate is contingent on the placement duration of the DHE SDA earnings.
“Typically, bond yields are taxed at 20%, but DHE SDA placements would have a 0% tax rate on the instrument,” he explained.
Under the initial phase of the new DHE SDA rules, exporters must report export contracts to the government-appointed export agency, PT Danantara Sumberdaya Indonesia (DSI). The initial phase focuses on three strategic commodities: coal, palm oil, and ferroalloy.
“Implementation begins tomorrow, 1 June 2026, during a transition period where export activities continue as usual. However, exporters must report their activities to PT DSI, the state-owned export agency,” said Coordinating Minister for Economic Affairs Airlangga Hartarto on Sunday (31 May 2026).