The Minister of Finance Decree No. 48/MK/EF.2/2026, dated 6 October 2026, sets the official exchange rates applicable for the calculation of import duties, Value Added Tax (VAT), Luxury Goods Sales Tax (LGST), export duties, and income tax for the period 7 October 2026 to 13 October 2026. This weekly regulation ensures that all taxpayers and customs brokers use a uniform, government-mandated conversion rate when determining the Rupiah value of foreign currency denominated transactions. The rates are published in the official Ministry of Finance gazette and on the Directorate General of Taxes website, providing legal certainty for the business community.
Key Takeaways
- Uniform Valuation Standard: The decree eliminates ambiguity by prescribing a single exchange rate for each foreign currency, which must be applied consistently across customs declarations, VAT returns, and LGST filings for the effective week.
- Compliance Obligation: Importers and exporters are required to reference this specific decree when submitting customs manifests (PIB/PEB) and tax returns; failure to apply the correct rate may trigger customs audits, tax assessments, and interest sanctions.
- Integration with Tax Systems: The rates are automatically integrated into the DJBC (Customs) and DJP (Tax) electronic systems, but taxpayers remain responsible for verifying the applied rates in their submissions.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement