The government is creating an incentive to invest natural resource export proceeds in the domestic financial sector. The government has not yet established incentive programs for exporters who keep their export revenues domestically. The incentive program boosts domestic financial market foreign exchange reserves, stabilizes the rupiah exchange rate, and boosts economic growth. The government will educate exporters about the importance of this regulation and compensate those that comply.The government is planning a unique tax rate on Export Proceeds of Foreign Exchange (DHE) on Natural Resources at the Indonesian Export Financing Agency (LPEI) and foreign exchange institutions. The government will also emphasize the importance of this policy and the compensation exporters will get if they comply.Researcher Yusuf Rendy Manilet believes that placing DHE locally is vital to secure foreign exchange reserves and enhance the rupiah exchange rate. PP No 36/2023 incentives are not clear enough to "appease" industry actors.The government must offer competitive interest rates on foreign currency deposits, enhance tax facilities, keep the rupiah competitive, and preserve financial market depth to avoid forcing industry players to place DHE domestically.Link di fonte: https://www.kompas.id/baca/ekonomi/2023/07/16/kewajiban-parkir-devisa-butuh-insentif-menarik (ICE GIACARTA)

Fonte notizia: Kompas - 17 July 2023