Digital Gold, Crypto, and Mutual Funds
Product
Tax Rate
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.
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%
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 and USD Yield
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.
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:
= Rp70,000,000
Rp60,000,000 x 5%
= Rp3,000,000Rp10,000,000 x 15%
= Rp1,500,000Rp3,000,000 + Rp1,500,000
= Rp4,500,000Example (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:
= Rp300,000,000
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%
= Rp12.500.000Rp3,000,000 + Rp28.500.000 + Rp12.500.000
= Rp44.000.000How 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:
Open your Account Page, then tap “Tax Reports” or “Laporan Pajak”.
Choose the specific “Tax Year“ and “Asset Class“, then tap “Send to Email“.
Your tax report will be sent to your registered email.
What is inside your tax report from Pluang?
- 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.
