Indonesia | New Compliance Considerations for Natural Resource Exporters Under the Special Account Requirement

More than two years have passed since the government issued Government Regulation (“GR”) No. 36 of 2023 on Export Proceeds from the Business, Management, and/or Processing of Natural Resources (“GR 36/2023”), which requires natural resource exporters to deposit a portion of their export proceeds (“Natural Resources Export Proceeds”) into special accounts in the Indonesian financial system.

To learn more, read our Advisory here.