REGULATION OF THE MINISTER OF FINANCE OF THE REPUBLIC OF INDONESIA NUMBER 59 OF 2026: Concerning Government-Borne Income Tax on Interest or Yields of Government Securities in Foreign Currency Issued by the Government in the Domestic Primary Market for the 2026 Fiscal Year

Minister of Finance Regulation Number 59 of 2026 (PMK-59) was issued to encourage the deepening of the national financial market and increase the interest of the public and business actors to place funds in Government Securities (“SBN”) in foreign currency issued by the government in the domestic primary market. In this case, the government provides facilities in the form of Government-Borne Income Tax for the following transactions:

1. Income Tax Borne by the Government (DTP) is granted on income in the form of interest or yields from SBN in foreign currency issued by the government in the domestic primary market.
2. SBN in foreign exchange include SUN (Government Bonds) and SBSN (Government Sharia Securities), including discounts incurred at the time of issuance in the domestic primary market.
3. Issuance in the domestic primary market means the first activity of offering and sale of SBN in foreign currency in Indonesia.
4. The facility of Income Tax Borne by the Government is provided for the Tax Periods from June 2026 to December 2026.

This policy is also related to the adjustment of the Foreign Exchange from Export Proceeds (“DHE”) policy that allows the placement of DHE in SUN and/or SBSN instruments denominated in foreign currency. This provision came into effect from August 24, 2026.