How Are Capital Gains From Selling US Stocks Taxed for Indonesian Investors on Pluang?

When you sell US Stocks on Pluang for a profit, no tax is deducted from your sale proceeds. However, as an Indonesian tax resident, you're taxed on worldwide income, so realised gains from selling US Stocks must be reported in your annual tax return (SPT Tahunan), where they are taxed under PPh Pasal 17 at your progressive personal income tax rate. Indonesia has no separate capital gains tax regime for foreign securities — these gains are treated as ordinary income alongside your other income. Pluang doesn't withhold this tax or issue a tax slip for it, since nothing is deducted at source the way dividend withholding is; you report the gain yourself, and the yearly Tax Report in the Pluang app (Account → Reports → Tax Report) shows your total realised profit/loss on US Stocks for each past calendar year. This is a distinct tax treatment from dividend income, which does carry US withholding at 15% (or 30% for leveraged positions).

• No tax deducted at sale: Unlike dividends, which are taxed at source before they reach your account, no tax is deducted from US Stock sale proceeds on Pluang. Your sale proceeds reach your account minus only fees (the transaction fee, VAT, and the exchange and US regulatory fees charged on sales).
• Indonesian worldwide income taxation: Indonesia taxes its tax residents on income earned anywhere, including capital gains from foreign securities like US Stocks. This gain needs to be included in your SPT Tahunan (annual tax return).
• No separate capital gains regime: Indonesia doesn't have a dedicated capital gains tax bracket for foreign stock sales — the gain is treated as ordinary income and taxed according to your personal income tax bracket, alongside your other income sources.
• No tax slip (bukti potong) from Pluang: Because nothing is withheld at the point of sale, Pluang doesn't generate a tax slip for capital gains — the same self-reporting responsibility that applies to US Stock dividend income.
• Where to find your gain: Your realised gain is the net sale proceeds minus your cost basis (average purchase price × units sold). The yearly Tax Report (Account → Reports → Tax Report, then pick the year and US Stocks) shows your total realised profit/loss for that calendar year, along with total dividends received and total USD Yield, and is sent to your registered email for use in your SPT Tahunan. A year's report becomes available once that year has ended. Your transaction history is a backup for checking individual purchases and sales.

Related questions:

Q: Is any tax deducted when I sell US Stocks on Pluang?
No — no tax is deducted from US Stock sale proceeds on Pluang, which is different from dividend income, where 15% (or 30% for leveraged positions) is withheld at source. Your sale proceeds reach your account minus only fees. That said, the profit still needs to be reported on the Indonesian side: realised gains go in your SPT Tahunan and are taxed under PPh Pasal 17 at your progressive personal rate, since your tax residency — not where the stock trades — determines where the gain is taxed.

Q: Do I need to report my US stock profits on my Indonesian tax return?
Yes — Indonesia taxes tax residents on worldwide income, so capital gains from selling US Stocks on Pluang need to be included in your SPT Tahunan. This applies regardless of whether you've converted the proceeds back to IDR or left them in your USD wallet, since the gain is realized at the point of sale. The yearly Tax Report in the Pluang app totals your realised profit/loss on US Stocks for each past calendar year, which makes this reporting easier once tax season arrives.

Q: Will Pluang send me a tax slip for my US stock capital gains?
No — since no tax is withheld from your sale proceeds at source, there's no bukti potong to issue, the same situation as with dividend income on Pluang. You report the gain yourself in your own annual filing, using the total realised profit/loss shown in your yearly Tax Report. This differs from some domestic investment products, where a broker automatically withholds and documents the tax owed at the point of the transaction itself.

Q: How do I figure out my cost basis to calculate the taxable gain?
Your cost basis is your average purchase price multiplied by the number of units you sold. Your realised gain is the net sale proceeds minus that cost basis, and you don't need to work it out by hand: the yearly Tax Report already totals your realised profit/loss on US Stocks for the calendar year. Your transaction history is a backup for checking individual purchase and sale records. If you bought the same stock at different prices across multiple transactions, your average purchase price already blends those costs together for you.