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Pluang+

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Your guide to tax reporting

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Digital Gold, Crypto, and Mutual Funds

Product

Tax Rate

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Digital Gold

All capital gains from the sale of digital gold on the Pluang application are subject to taxation, and are the individual’s responsibility to report.

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Crypto Assets

The VAT rate is charged on every buy and sell transaction on the Pluang application.

The following VAT rate will be charged on the transaction value of the Crypto Assets:

  • Buy transaction - 0.11%

  • Sell transaction - 0.10%

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Mutual Funds

0%

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).

US Stocks, USD Yield, Options

Realized gains from US Stock transactions, interest earned on USD Yield, and Options transactions are net capital gains, which are considered to be taxable under the category of income tax (Pajak Penghasilan, or PPh) Article 17 (Pasal 17). Please note that Pluang does not submit capital gains information on behalf of users to tax authorities.
Dividend disbursements are already inclusive of a 15% dividend tax and do not need to be self-reported on your SPT.
US stock options are also subject to an 11% Value Added Tax (Pajak Pertambahan Nilai, or PPN), applied to transaction and Jakarta Futures Exchange (JFX) fees.
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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%

Based on the provisions of Article 17, we can calculate the tax amount that must be paid by the taxpayer.

Example (1)

If a taxpayer has a taxable income of Rp60,000,000 p.a. from annual salary and Rp10,000,000 p.a. from USD Cash Yield. The calculation would be as follows:

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

Example (2)

If a taxpayer has a taxable income of Rp200,000,000 p.a. from annual salary and Rp100,000,000 p.a. from USD Cash Yield. The calculation would be as follows:

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
For more information on the taxes incurred for each asset class on Pluang, please refer to this FAQ. 

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:
1

Open your Account Page, then tap “Tax Reports” or “Laporan Pajak”.

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2

Choose the specific “Tax Year“ and “Asset Class“, then tap “Send to Email“.

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3

Your tax report will be sent to your registered email.

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What is inside your tax report from Pluang?

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  • 1
    Summary of Your Total Gains / Losses on the corresponding tax year.
  • 2
    Your Total Gains / Losses from US Stocks on the corresponding tax year.
  • 3
    Your Total Dividend Earned on the corresponding tax year.
  • 4
    Your 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.
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