ID and Cash Limits for Buying Silver in Indonesia
Indonesian precious-metal dealers, silver included, must report to PPATK, the financial intelligence unit, any customer transaction worth Rp500 million or more, in one go or added up over one day, however you pay. There is no legal cap on cash: a bill to limit cash payments to Rp100 million has been proposed for years but isn't law.
Facts checked 31 October 2026 · Not financial, legal or tax advice
At a glance
| Situation | Rule | Notes |
|---|---|---|
| Buying | ID check expected from Rp100 million. | Identity document (NIK, driving licence or passport) plus a copy of your NPWP tax card. |
| Paying cash | No legal cap. | A cash limit of Rp100 million is in a bill that hasn't been passed. |
| Selling | Same Rp500 million report. | The 0.25% PPh 22 withholding on sales to bullion banks is a gold rule. |
| Reported | Transactions of Rp500 million+ within 14 working days. | Covers rupiah or foreign currency and same-day totals, not only cash. Suspicious deals are reported within 3 working days. |
The rules in detail
- Under the anti-money laundering law (Law 8 of 2010), dealers in gems, jewellery and precious metals (logam mulia) are 'other goods and services providers' that report to PPATK. Precious-metal dealers are covered in general, so silver is included.
- PPATK Regulation 2 of 2021 (goAML reporting) requires them to report any transaction by a customer in rupiah or foreign currency worth Rp500 million or more, including deals that add up to that in one day. The report is due within 14 working days; suspicious transactions are due within 3 working days, at any amount.
- PPATK Regulation 7 of 2017 sets the customer checks: an identity document with your NIK, driving licence or passport, a copy of your NPWP card and a specimen signature. The checks apply when a relationship starts, for transactions of Rp100 million or more, when something is suspicious, or when the dealer doubts your details.
- A bill to restrict cash payments (RUU Pembatasan Transaksi Uang Kartal, with a proposed limit of Rp100 million) has sat on parliament's long-list since 2015 without being passed.
When you sell
- A sale of Rp500 million or more to a dealer is reported, whether you are paid in cash or by transfer.
Gold
- Gold falls under the same Rp500 million report. Since 1 August 2025 (PMK 51 and 52 of 2025), a bullion bank buying gold withholds 0.25% income tax above Rp10 million; that rule is for gold, not silver.
Silver ID and Cash Limits in Indonesia: FAQ
Do silver dealers in Indonesia report to PPATK?
Yes. Precious-metal dealers must report any customer transaction of Rp500 million or more, including same-day totals, within 14 working days, whether paid in cash or by transfer.
Is there a cash limit for buying silver in Indonesia?
No. A bill to cap cash payments at Rp100 million has been proposed since 2015 but hasn't been passed.
Do I need ID to buy silver in Indonesia?
Dealers are expected to check your identity document and NPWP for transactions of Rp100 million or more, though how that rule applies to ordinary sales isn't spelt out.
Sources (5)
- PPATK Regulation 2 of 2021: transaction reporting via goAML
- PPATK Regulation 7 of 2017: know-your-customer for goods and service providers
- Directorate General of Taxes: final consumers not taxed on gold purchases (PMK 51/52 2025)
- Jawa Pos: PPATK urges passing of cash restriction bill
- Universitas Airlangga: reporting duty of goods and service providers
General information for individuals buying or selling silver, checked October 2026. Rules change and dealers may ask for more than the legal minimum; check with the dealer or the regulator. Not legal advice.