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Your guide to tax reporting
Digital Gold, Crypto, Mutual Funds, and ID Stocks
Product
Tax Rate
Digital GoldAll capital gains from the sale of digital gold on the Pluang application are subject to taxation, and are the individual’s responsibility to report.
Crypto AssetsTax is charged on every buy and sell transaction on Pluang.
The following effective tax rate is charged on the transaction value of the Crypto Assets:
- Buy transaction: No tax applied*
- Sell transaction: 0.21% Withholding Tax**
Mutual Funds0%Mutual Funds are investment products under financial assets that are not subject to tax on investment profits. Article 4 Paragraph 3 of the Income Tax Law explains that Mutual Funds or participation unit holders are not considered taxable (objek pajak).
ID StocksTax is applied to sell transactions and dividends.
- Buy transaction: No tax applied
- Sell transaction: 0.1% Withholding Tax of the transaction value (before fees)*. This tax is automatically deducted when you sell your shares.
- Dividend: 10% tax applies to gross dividends*. You’re responsible for settling and reporting the applicable tax unless the dividends are reinvested in eligible instruments (such as capital, securities, bank deposits, or real-sector investments) in Indonesia for at least 3 years.**
US Stocks, USD Yield, Options, and Crypto Futures
Realized gains from US Stocks, Options, and Crypto Futures transactions, along with interest earned on USD Yield, are taxable under income tax (Pajak Penghasilan or PPh) Article 17 (Pasal 17). Pluang users can report their taxes in accordance with applicable tax regulations.
Dividends that have been subject to a 15% withholding tax in the country of origin are reported as part of the user’s additional income in their tax reporting, in accordance with applicable tax regulations.
US Stock Options and Crypto Futures are also subject to a 12% VAT* (Pajak Pertambahan Nilai or PPN), applied to Pluang transaction fees, Jakarta Futures Exchange (JFX) fees, and Central Finansial X (CFX) fees. Please note that there is no VAT on US Stock transactions or USD Yield.
*VAT on Options transactions fees, Crypto Futures fees, JFX fees, and CFX fees will be applied at a 12% rate, and will be calculated with the formula of fees amount x 11/12 x 12%, in accordance with PMK 131/2024. This calculation makes the final VAT rate of 11%.
Calculating Article 17 Tax Rate
Individual Taxpayer Rate
Tier
Annual Income
Tax (PPh)
I
0–Rp60M
5%
II
> Rp60–250M
15%
III
> Rp250–500M
25%
IV
> Rp500M–5B
30%
V
> Rp5B
35%
Total Taxable Income:
= Rp70,000,000
Tax Calculation:
Rp60,000,000 x 5%
= Rp3,000,000
Rp10,000,000 x 15%
= Rp1,500,000
Total Tax Amount:
Rp3,000,000 + Rp1,500,000
= Rp4,500,000
Total Taxable Income:
= Rp300,000,000
Total Taxable Income:
Rp60,000,000 x 5%
= Rp3,000,000
(Rp250.000,000 - Rp60,000,000) x 15%
= Rp28.500,000
(Rp300.000,000 - Rp250.000,000) x 25%
= Rp12.500,000
Total Tax Amount:
Rp3,000,000 + Rp28.500,000 + Rp12.500,000
= Rp44.000,000
How to request tax report from Pluang
You can request your tax report based on your transaction history for the corresponding tax year by following the instructions provided below:
1Open your Account Page, then tap “Tax Reports” or “Laporan Pajak”.
2Choose the specific “Tax Year“ and “Asset Class“, then tap “Send to Email“.
3Your tax report will be sent to your registered email.
What is inside your tax report from Pluang?
- 1Summary of Your Total Gains / Losses on the corresponding tax year.
- 2Your Total Gains / Losses from US Stocks on the corresponding tax year.
- 3Your Total Dividend Earned on the corresponding tax year.
- 4Your Total Yield Earned from USD Cash Yield on the corresponding tax year.
How to report investment earnings in the SPT form
You can find out how to report your investment earnings from US Stocks, Crypto, Mutual Funds, and Gold in the SPT form by clicking the button below.
