How Does Pluang Handle PPh 22 Withholding Tax Deductions on Stock Sales?

Pluang automatically deducts a 0.1% PPh final withholding tax on the gross value of every stock sale at the moment the sell order is executed — you never need to calculate it, file it, or remit it yourself. This deduction happens inside the transaction itself: the tax is subtracted before the net sale proceeds land in your RDN, so what you see credited is already tax-adjusted. It applies uniformly to every Indonesian stock sale on the IDX, calculated on the gross transaction value (sale price × number of shares), not on your profit or loss — meaning it's charged even on a sale that results in a loss. As your securities broker, PT Pluang Maju Sekuritas is the entity that withholds this amount and remits it to the tax authority on your behalf, in accordance with applicable Indonesian tax regulations, so the entire process runs automatically with no manual step required from you.

How PPh final works on stock sales:

• Rate: 0.1% of the gross transaction value (sale price × number of shares), not the profit
• Nature: Final tax — it cannot be credited against or deducted from your annual personal income tax, since "final" means the obligation is fully settled at the point of withholding
• When deducted: Automatically, at the exact moment the sell order is executed and matched
• Who remits it: PT Pluang Maju Sekuritas, as your licensed securities broker, withholds and forwards the tax to the government directly — you don't file or pay this separately

Calculation example:

You sell 10 lots (1,000 shares) at Rp5,000 per share:

• Gross value = Rp5,000 × 1,000 = Rp5,000,000
• PPh withholding = 0.1% × Rp5,000,000 = Rp5,000
• Amount credited to RDN = Rp5,000,000 − Rp5,000 = Rp4,995,000 (after tax, before the separate sell-side trading fee is also deducted)

Important notes:

• This tax applies to all stock sales on the IDX regardless of whether the position was profitable or at a loss
• It's separate from and charged independently of dividend income, which is credited to your RDN in full with no tax withheld at disbursement

Related questions:

Q: Do I still pay this withholding tax if I sell at a loss?
Yes, the 0.1% final withholding tax is calculated on the gross transaction value of the sale, not on your profit or loss, so it applies regardless of whether the position made or lost money. Even a sale executed well below your original purchase price still has the same 0.1% deducted from the gross proceeds — there's no loss-based exemption or reduction built into how this tax works.

Q: Do I need to report this tax on my annual tax return (SPT Tahunan)?
Since it's a final tax, it generally does not need to be reported again as ordinary taxable income in your SPT, though many taxpayers still disclose it as income already subject to final tax for completeness. Because tax situations vary by individual circumstances, it's worth consulting a tax advisor to confirm exactly how to reflect it in your specific annual filing.

Q: Where can I see the tax deductions Pluang has withheld?
Tax deduction details can be found in your transaction history and investment reports inside the Pluang app, alongside the other fee components charged on the same sale. If you need a formal Bukti Pemotongan (withholding certificate) for tax filing purposes, check the app's tax document section or contact Pluang support for guidance on how to obtain one.

Q: Is the withholding tax rate different for foreign investors?
No, the 0.1% final rate applies equally to every investor trading Indonesian stocks on the IDX, regardless of nationality. Foreign investors may additionally have obligations under bilateral tax treaties between Indonesia and their home country, but those are separate from — and don't change — the standard 0.1% withholding applied at the point of sale on Pluang.