How does Pluang handle PPh 22 withholding tax deductions on stock sales?

Pluang automatically deducts the 0.1% PPh 22 final withholding tax on the gross value of every stock sale at the time of the transaction. You do not need to calculate or remit this tax separately — Pluang forwards the deduction to the tax authority in accordance with applicable regulations.

How PPh 22 final works on stock sales

• Rate: 0.1% of the gross transaction value (sale price × number of shares)
• Nature: Final — cannot be credited against or deducted from your annual income tax
• When deducted: Automatically at the moment the sell order is executed
• Who remits it: PT Pluang Maju Sekuritas (as your securities broker) remits the tax directly to the government

Calculation example

You sell 10 lots (1,000 shares) at IDR 5,000 per share:

• Gross value = IDR 5,000 × 1,000 = IDR 5,000,000
• PPh 22 = 0.1% × IDR 5,000,000 = IDR 5,000
• Amount credited to RDN = IDR 5,000,000 − IDR 5,000 = IDR 4,995,000 (after tax, before trading fees)

Important notes

• PPh 22 applies to all stock sales on the IDX regardless of whether you made a profit or a loss
• This tax is separate from dividend withholding tax; both are charged independently

Related questions:

Q: Do I still pay PPh 22 if I sell at a loss?
Yes. The 0.1% PPh 22 final is applied to the transaction value, not the profit. You pay even if you sell at a loss.

Q: Do I need to report PPh 22 on my annual tax return (SPT)?
PPh 22 final on stock sales is a final tax and generally does not need to be reported as a taxable income item in your SPT, though it may need to be disclosed as income already subject to final tax. Consult a tax advisor for your specific situation.

Q: Where can I see the tax deductions in Pluang?
Tax deduction details can be found in your transaction history or investment report in the Pluang app. [Verify: confirm exact location of this feature in the app]

Q: Is the PPh 22 rate different for foreign investors?
The 0.1% PPh 22 final rate applies equally to all investors trading on the IDX. Foreign investors may also be subject to additional obligations under bilateral tax treaties between Indonesia and their home country.