TEMPO.CO, Jakarta - Financial Services Authority (OJK) Commissioner Friderica Widyasari Dewi visited the office of Coordinating Minister for Economic Affairs Airlangga Hartarto on Tuesday, July 14, 2026. One of the points discussed was a request for fiscal incentives for gold-based Exchange-Traded Fund (ETF) transactions on the Indonesia Stock Exchange.
Friderica revealed the plan following the meeting. "We are requesting several incentives for new products in the financial services sector, such as gold ETFs and others," she said.
However, Friderica stopped short of detailing the form of the proposed incentives. Gold ETFs are products developed by the OJK to deepen the market within the bullion banking industry. These products are traded on the Indonesian capital market.
Coordinating Minister for Economic Affairs Airlangga Hartarto confirmed the discussions regarding the gold ETF incentives. Expanding financial instruments within the capital market is a mandate tasked to the OJK under the Financial Sector Development and Strengthening Act (P2SK). This includes the trading of gold ETFs on the exchange, which operates on a non-delivery basis without physical settlement. "It may require fiscal incentives, which we are also studying," Airlangga said at his office on Tuesday, July 14, 2026.
The plan aims to provide specific facilities for this investment instrument. Airlangga explained that trading gold ETFs differs from conventional trading because it does not involve physical commodities. "Since trading gold ETFs involves non-delivery assets, there are no physical goods. So, it needs to be accommodated, including in terms of taxation," he said.
The OJK aims for the gold ETF product to be launched in the second quarter of 2026. The regulatory foundation has already been laid out through OJK Regulation Number 2 of 2026 concerning Collective Investment Contractual Funds whose Units are Traded on the Stock Exchange with Gold as the Underlying Asset.
Previously, Hasan Fawzi, the OJK Executive Head of Capital Market, Derivatives, and Carbon Exchange Supervision, noted that several technical aspects still required alignment, particularly regarding the tax treatment of the underlying gold.
"This is certainly important to ensure that the launched products are not only appealing from an investment standpoint, but also structurally efficient and competitive," he said on April 6, 2026.
Anastasya Levenia contributed to this article
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