Deposit requirement for natural resources export proceeds

On 10 January 2019 the Government of Indonesia issued a new regulation that further tightens control over the proceeds from the export of Indonesian natural resources. As a result, such proceeds must be retained in Indonesia, and can only be sent offshore for specific purposes.

These requirements are set out in Government Regulation No. 1 of 2019 on Export Proceeds Deriving from the Business, Management, and/or Processing Activities of Natural Resources (GR 1/2019).

Read more: Deposit requirement for natural resources export proceeds


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