Keputusan Menteri Keuangan 39/MK/EF.2/2026 was published on 25 August 2026, setting the official exchange rates for the week of 26 August 2026 through 1 September 2026. These rates serve as the legal basis for computing import duty, Value Added Tax (VAT), Luxury Goods Sales Tax (LGST), export duty, and Article 22 income tax on imported goods. The determination follows the methodology outlined in Ministry of Finance Regulation No. 191/PMK.010/2012, which references the Jakarta Interbank Spot Dollar Rate (JISDOR) and cross-rates from major international currencies. The decree covers USD, EUR, GBP, SGD, JPY, AUD, HKD, CHF, CNY, MYR, THB, and other currencies relevant to Indonesia’s trade flows. All customs entries, tax invoices, and import-related income tax withholdings dated within this week must reflect the prescribed rates.
Key Takeaways
- Broad Tax Scope: The same exchange rate table applies to five distinct fiscal obligations, requiring importers and PKPs to synchronize customs valuation, VAT reporting, and income tax withholding calculations.
- Legal Consequence of Non-Compliance: Use of outdated or unofficial rates may result in underpayment of import duty and VAT, triggering Article 17 KUP penalties of 2% per month on the shortfall plus potential criminal liability for intentional misdeclaration.
- Operational Recommendation: Integrate the weekly rate feed from the Ministry of Finance’s fiscal portal directly into enterprise resource planning (ERP) and customs brokerage systems to ensure automatic, error-free application across high-volume transaction environments.
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