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, file, or remit it yourself. It applies uniformly to every Indonesian stock sale on the IDX, calculated on gross transaction value rather than profit or loss, meaning it's charged even on a sale that results in a loss. PT Pluang Maju Sekuritas, as your securities broker, withholds and remits this amount to the tax authority on your behalf.
How PPh final works on stock sales:
- Rate: 0.1% of the gross transaction value (sale price × number of shares)
- Nature: Final — cannot be credited against your annual income tax
- When deducted: Automatically, at the moment the sell order executes
- Who remits it: PT Pluang Maju Sekuritas, on your behalf
Calculation example: Sell 10 lots (1,000 shares) at Rp5,000/share = Rp5,000,000 gross. Tax = Rp5,000. Credited to RDN = Rp4,995,000 (before the separate sell-side trading fee).
Related questions:
Q: Do I still pay this tax if I sell at a loss?
Yes. It's calculated on gross transaction value, not profit or loss, so it applies regardless of outcome.
Q: Do I need to report this on my SPT Tahunan?
Generally not as ordinary income, since it's a final tax — consult a tax advisor for your specific situation.
Q: Where can I see the tax deductions withheld?
In your transaction history and investment reports in the Pluang app.
Q: Is the rate different for foreign investors?
No, 0.1% applies to all investors equally, though treaty obligations may add separate requirements.