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

When you sell US Stocks on Pluang for a profit, the US generally does not withhold tax on that capital gain — non-resident aliens aren't subject to US withholding on stock-sale profits the way they are on dividends. However, as an Indonesian tax resident, you're taxed on worldwide income, so gains from selling US Stocks must be reported in your annual tax return (SPT Tahunan). Indonesia has no separate capital gains tax regime for foreign securities — these gains are generally treated as ordinary income and taxed at your applicable personal income tax rate. Pluang doesn't withhold this tax or issue a tax slip for it, since nothing is deducted at source the way dividend withholding is; calculating and reporting the gain is your responsibility. This is a distinct tax treatment from dividend income, which does carry US withholding at 15% (or 30% for leveraged positions).

• No US withholding on the gain itself: Unlike dividends, which are withheld at source under US tax rules, profits from selling US Stocks are not subject to US withholding tax for non-resident aliens. The full sale proceeds (minus Pluang's own transaction fees) reach your account before any tax consideration.
• 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.
• Calculating your gain: Your capital gain is the sale proceeds minus your cost basis (average purchase price × units sold). Your Pluang transaction history shows both your purchase and sale records to help you calculate this.

Related questions:

Q: Does the US government tax my profit when I sell US stocks on Pluang?
No — the US generally doesn't withhold tax on capital gains for non-resident aliens selling stocks, which is different from dividend income, where a 15% (or 30% for leveraged positions) withholding does apply. Your full sale proceeds, minus Pluang's transaction fees, are what reaches your account, with no US tax deducted at the point of sale. That said, the profit still needs to be accounted for on the Indonesian side, since your tax residency — not where the stock trades — determines who is responsible for taxing the gain.

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. Keeping your purchase and sale records organized throughout the year makes this reporting significantly 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're responsible for calculating the gain yourself and reporting it in your own annual filing. 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. Check your Pluang transaction history for your original purchase records and the corresponding sale details, which together let you calculate the realized capital gain for tax reporting purposes. If you bought the same stock at different prices across multiple transactions, your average purchase price already blends those costs together for you.