Are US Stock Dividends Taxed on Pluang?

Yes. Every US stock dividend paid into a Pluang account is subject to withholding tax, and the tax is taken out at source before the money reaches you. The rate depends on the type of position you hold: non-leveraged US stock positions are taxed at 15%, while 2x leveraged positions are taxed at 30%. Both rates come from the US-Indonesia Tax Treaty, known in Indonesia as the Perjanjian Penghindaran Pajak Berganda or P3B, which sets the reduced cross-border withholding rates applied to Indonesian investors. Because the deduction happens before crediting, the figure that lands in your USD balance is already the net amount you keep, and Pluang does not withhold anything further afterwards. Dividends from non-US companies trading as ADRs can carry additional home-country withholding on top of these rates, which is covered separately.

• Taxed: Yes — every US stock dividend credited to a Pluang account has withholding tax applied.
• Non-leveraged positions: 15% withholding tax.
• 2x leveraged positions: 30% withholding tax.
• Legal basis: The US-Indonesia Tax Treaty (P3B — Perjanjian Penghindaran Pajak Berganda), which sets reduced cross-border withholding rates.
• Deducted at source: Tax is taken before the dividend is credited, so the amount you see is already net.
• No further deduction: Pluang withholds nothing extra after the dividend lands in your balance.
• ADRs differ: Non-US companies (ADRs) may add home-country withholding on top of the US rate, which is why an ADR dividend often lands lower than the declared amount.

Related questions:

Q: What withholding tax rate applies to my US stock dividends?
It depends on the type of position that held the stock on the cum date. A non-leveraged US stock position is taxed at 15%, while a 2x leveraged position is taxed at 30%. Both figures are set by the US-Indonesia Tax Treaty rather than chosen by Pluang, and both are applied to the gross dividend before anything is credited to you. The rate follows the position type, not your membership tier or account level.

Q: Why is the rate higher on a leveraged position than a non-leveraged one?
The 15% rate is the reduced treaty rate available to an ordinary shareholder under the US-Indonesia Tax Treaty. A 2x leveraged position is held through a margin structure that falls into a higher withholding bracket under the same treaty, so the deduction is 30% instead. Nothing about the company or the dividend itself changes between the two cases — only the way your position is held changes which bracket applies to it.

Q: Is the dividend I receive already net of tax, or will more be taken later?
It is already net. Withholding is deducted at source, before the dividend travels down the distribution chain into your Pluang account, so the number showing in your USD balance and your transaction history is the final amount you keep. Pluang does not take any further cut once the money has landed. The only additional reduction you might see is on ADR dividends, where the company's home country can withhold its own tax first.

Q: Do 4x Day Trade positions get taxed on dividends?
No, because a 4x Day Trade position is never eligible for a dividend in the first place. That product is built for intraday trading and cannot be carried overnight, so the position is always closed before the cum-date cutoff that decides who qualifies. With no dividend paid, there is no withholding to apply. If you want dividend exposure on the same stock, you would need to hold it non-leveraged or with 2x leverage instead.