Indonesia plans to impose export and windfall taxes on coal and nickel to ease subsidy pressures.

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Indonesia plans to impose export taxes and windfall taxes on coal and nickel as one of the measures to offset the rising subsidy costs in the national budget.

Indonesia's Finance Minister Purbaya Yudhi Sadewa stated that the proposed measures are still under consultation with the Ministry of Energy and Mineral Resources. "We are currently in continuous discussions with the Ministry of Energy, but it is clear that the related revenues will be sufficient to help fill the subsidy gap."

Purbaya pointed out that coal and nickel exports were previously not subject to export taxes, creating regulatory loopholes that could foster under-invoicing and smuggling. This also limited the customs authorities’ ability to inspect goods before shipment.

The implementation of the export tax is expected to grant greater powers to the Directorate General of Customs and Excise (DJBC) to conduct inspections before goods are exported, which will help plug tax loopholes and prevent fiscal losses.

Although the Indonesian government plans to implement these tax measures, Purbaya stated that the government remains committed to promoting downstream industries, particularly the battery industry based on nickel.

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