🇮🇩1. Legal Basis
A. What is the legal basis for the collection of taxes on US stock assets?
The taxation of US stock assets is based on Law No. 36 of 2008 concerning the Fourth Amendment to Law No. 7 of 1983 on Income Tax, as further amended by Law No. 7/2021 on Tax Harmonization.
🇮🇩2. Taxable Objects on Gotrade and Calculation
A. What must Gotrade users report for tax purposes?
Your taxable assets and income in Gotrade include:
Assets (Harta):
Cash held in Gotrade account
US stocks owned through Gotrade
Income (Penghasilan):
Dividends received from stocks
Realized profit/loss from trading
B. Assets in Gotrade
1. Cash
Amount of money held in your Gotrade account for trading
Reported in USD (must be converted to IDR for tax filing)
2. US Stocks
Shares you own through the Gotrade platform
Reported at market value as of December 31 (year-end)
You can view your cash and stock holdings on the Portfolio page in the app.
Image: Amount of money and number of stocks owned on the Gotrade platform
C. Dividends and How They Are Calculated
Under the Double Tax Avoidance Agreement (P3B / Tax Treaty) between Indonesia and the United States, users who receive dividends from stocks held in Gotrade will receive 85% of the total dividend.
The remaining 15% is withheld as tax by the issuing company (Emiten) in the US, and no withholding tax slip (bukti potong) is provided.
Example:
A company distributes $100 in dividends per share. If you own 2 shares before the cumulative date, the dividend you receive is:
*(2 × $100) − 15% = $170*
The dividend amount you receive (85% of total) is a taxable object in Indonesia and must be reported in your Annual Tax Return (SPT).
D. Realized Profit/Loss and How It Is Calculated
Realized profit/loss is the total gain or loss you have earned through transactions in Gotrade. It is calculated as:
Realized profit/loss = Realized profit − Realized loss
Example:
Realized profit = $50
Realized loss = $10
Realized profit/loss = $40
E. What Does a Negative Realized Profit/Loss Mean?
If your realized profit/loss shows a negative value, it means you are in a realized loss position.
A realized loss is a loss recognized when an asset is sold at a price lower than its original purchase price.
F. Can Realized Losses Reduce My Tax Burden?
Under Law No. 36 of 2008 (amendment to Law No. 7 of 1983 on Income Tax), capital losses can be used to offset capital gains in the same fiscal year. If capital losses exceed capital gains, the remaining losses can typically be carried forward to offset future capital gains for up to five years.
However, capital losses can only be used to offset capital gains — they cannot be used to offset income from other sources such as employment or business income. Therefore, if your capital losses exceed your capital gains in the same fiscal year, the excess will not reduce tax liability from non-capital income.
G. Can Realized Losses Reduce Tax on Salary or Other Income?
Salary and other forms of ordinary income are generally subject to different tax treatment and cannot be offset by capital losses (realized losses). These income types are taxed separately from capital gains, and the rules for deductions and offsets differ.
🇮🇩3. Accessing Tax Reports from Gotrade
A. What is a Tax Report?
The Tax Report is a feature in Gotrade Indonesia that provides a comprehensive summary of all your assets and income for a selected tax year.
The report includes:
Total dividends received from stocks held in Gotrade
Realized profit/loss from buying and selling stocks during the tax year
Total income (sum of dividends and realized P/L)
Remaining cash in your Gotrade account at year-end
Total equity value of stocks still held at year-end
Detailed portfolio breakdown for all positions
🇮🇩4. How to report taxes in the Annual Tax Return using DJP Online
A. Reporting Assets
Assets consist of cash and US stocks. From your Gotrade Tax Report, refer to the "Asset Summary" section. Report this in Form L-1 Section A.
1. CASH AND CASH EQUIVALENTS
Steps:
Click "Add" button in the Cash section
Fill out the form:
Code = 109
Description= Setara Kas Lainnya
Account number = Valbury account no. (VAFxxxxx)
Account name = Nama lengkap client
Bank/Institution name = PT VALBURY ASIA FUTURES
Asset location = Indonesia
Year of acquisition = 2025 (adjust to current year)
Balance = Current cash value (in IDR after conversion)
Notes = Leave blank
Attachment L-1 Section A-1
Form L-1 Section A-1
2. INVESTMENT/SECURITIES (US STOCKS)
Steps:
Click "Add" button in the Investment/Securities section
Fill out the form:
Code = 308
Description= Derivates instrument
Asset location = Indonesia (held through Indonesian broker)
Recipient NPWP (Tax ID) = 21396726062000
Recipient Name = PT VALBURY ASIA FUTURES
Account number = Your Valbury account no. (VAFxxxxx)
Acquisition cost = Total purchase cost of stocks (in IDR)
Year of acquisition = Year you first purchased the stocks
Current value = Market value as of December 31, 2025 (in IDR)
Notes = Leave blank
Screenshot: Attachment L-1 Section A-3
Screenshot: Form L-1 Section A-3
B. Reporting Income
Income in Gotrade consists of:
1. Dividends
Income from stock ownership (profit distribution from companies)
NOT from selling stocks
2. Realized Profit/Loss
Gains or losses from buying and selling stocks
Only realized (completed) transactions count
Unrealized gains/losses (from stocks still held) are NOT reported as income
3. Total Net Income
Sum of dividends + realized profit/loss for the year
Report your total "Income" from the Gotrade Tax Report as "Other Domestic Income" in Form L-3A-4 Section B with income type code 412.
SPT Main Form Section B
Form L-3A-4
Net Income = Annual Profit & Loss for 2025
Form L-3A-4 Section B (Filled)
🇮🇩5. How to report taxes using DJP Online (e-Filing)
A. Reporting Assets
Assets consist of cash and US stocks. In the Gotrade Tax Report, these figures are listed under the 'Assets' (Harta) section.
Steps to report assets in your Annual Tax Return:
To report cash: select code 011 - Cash
To report equity (futures contracts): select code 037 - Derivative Instrument and enter asset name as 'Kontrak Berjangka' (Futures Contract)
Year of Acquisition: enter the year the stocks were acquired (e.g., 2023)
Acquisition Cost: enter the purchase price of the stocks
Asset reporting in DJP Online e-filing using SPT 1770 S
B. Reporting Income
Income in Gotrade consists of:
Dividends: income from stock ownership
Realized profit/loss: total gains or losses from trading in Gotrade
Total income: sum of dividends and realized profit/loss
You can enter the total "Income" from your Tax Report as "Penghasilan Dalam Negeri Lainnya" (Other Domestic Income) in the "Penghasilan Lainnya" column (Section A) of the relevant tax form.
Income reporting in DJP Online e-filing using SPT 1770 S
🇮🇩6. How to report taxes using a Physical Tax Form (SPT 1770S)
A. Reporting Assets
Assets consist of cash and US stocks. In the Gotrade Tax Report, these figures are listed under the 'Assets' (Harta) section.
Steps to report assets:
To report cash: select code 011 - Cash
To report equity (futures contracts): select code 037 - Derivative Instrument and enter asset name as 'Kontrak Berjangka' (Futures Contract)
Year of Acquisition: enter the year the stocks were acquired (e.g., 2023)
Acquisition Cost: enter the purchase price of the stocks
Asset reporting on physical SPT 1770 S form
B. Reporting Income
Income in Gotrade consists of:
Dividends: income from stock ownership
Realized profit/loss: total gains or losses from trading in Gotrade
Total income: sum of dividends and realized profit/loss
You can enter the total income from your Tax Report as "Penghasilan Dalam Negeri Lainnya" (Other Domestic Income) in the "Penghasilan Lainnya" column (Section A) of the relevant tax form.
Income reporting in Section A of physical SPT 1770 S form
🇮🇩7. Frequently Asked Questions (FAQ)
A. What is the difference between taxation on Indonesian stocks vs. US stocks?
For Indonesian stocks, tax is applied net at the point of sale of the securities.
For US stocks as a non-resident, each individual must report their assets, capital gains, and capital losses as part of their other income sources in their Indonesian Annual Tax Return.
B. Which exchange rate date should I use for my SPT tax form?
For tax reporting on your SPT form, use the exchange rate at the end of the tax year.
Example: For filing a 2023 tax return in 2024, use the exchange rate on December 31, 2023 (1 USD = Rp15,397).
The official KMK (Minister of Finance Decree) rates are available at: https://fiskal.kemenkeu.go.id/informasi-publik/kurs-pajak
C. I still have other questions about taxes. What should I do?
If you have additional questions about taxation, you can contact our support team at support@heygotrade.com.