Why do Tax Reports for US Stocks, Mutual Funds, and Gold assets only contain total realized gains/losses?
-
US Stocks: Realized gains from US Stock transactions and interest earned on USD Yield are net capital gains. Based on Income Tax Article 17, net capital gains earned by taxpayers are included in taxable income.
Dividends distributed have been subject to tax deductions, but you still need to report the dividends on your tax return.
-
Mutual Funds: Mutual Funds are investment products under financial assets that are not taxed for any profits. Based on Income Tax Article 4 Paragraph 3, mutual funds or unit holders are not taxed.
-
Gold: All profits from the sale of digital gold on the Pluang application are not taxed.
As a note, Pluang does not report its users' net profit information to the Directorate General of Taxes.