Tax Exchange Rates 5–11 November 2025 Set by Finance Minister

The news indicates that the tax exchange rates for the period 5–11 November 2025 were established by Finance Minister Decree No. 23/MK/EF.2/2025. These rates serve as the basis for settling Value‑Added Tax, Luxury Goods Sales Tax, and import duties.

During the week, the rupiah was quoted at Rp16,630.00 per US$1, a slight appreciation from Rp16,614.00 the previous week. It weakened against the Singapore dollar at Rp12,811.99 per SGD1, while strengthening against the euro at Rp19,289.54 per €1. The yen rate is expressed per 100 yen.

Taxpayers will use these rates to calculate their VAT, luxury tax, and customs obligations, meaning fluctuations can affect the amount of tax payable. Companies involved in imports or luxury sales should adjust their cost calculations accordingly.