Indonesia Capital Gains Tax Guide 2026

Overview — Capital Gains Taxation in Indonesia

Indonesia's approach to capital gains is distinctive — rather than taxing actual gains at progressive rates, the country uses final withholding taxes (PPh Final) on gross transaction values for most asset classes. This means the tax is not based on the difference between sale and purchase prices but on a percentage of the sale proceeds. For listed shares, the tax is a tiny fraction of the transaction value. For property, it is 2.5% of the sale price. There is no distinction between short-term and long-term gains, and capital losses generally cannot be offset against other income.

Listed Shares — 0% CGT, 0.1% Final Transaction Tax

Gains from the sale of shares listed on the Indonesia Stock Exchange (IDX) are exempt from capital gains tax. Instead, a final tax of 0.1% is imposed on the gross transaction value of each sale. This 0.1% is withheld by the stock exchange or broker at the time of sale and is treated as a final tax — no further reporting or payment is required. Key features:

• No capital gains tax on actual gains from listed shares
• The 0.1% transaction tax applies to both buyers and sellers (effectively 0.1% on sale only)
• Additional 0.1% for founders/shareholders selling shares through an IPO (2.5% for IPO shares)
• No distinction between short-term and long-term holdings
• Capital losses on listed shares are not deductible against other income

This regime makes Indonesia one of the most tax-friendly jurisdictions for stock market investors in Southeast Asia.

Property — 2.5% Final PPh (Deemed Gain)

Capital gains from the sale of land and buildings are subject to final PPh at 2.5% of the gross selling price. This is a deemed gain — the tax is payable regardless of whether the seller made a profit. Key rules:

• 2.5% of the gross sale price for individual sellers
• Property developers pay tax under their normal PPh regime (not the 2.5% final tax)
• The tax is withheld by the buyer (or notary) at the time of the sale
• The tax must be paid before the title deed (AJB) can be signed
• There is no exemption for primary residence sales

Unlisted Shares — 0.1% Threshold Mechanism

Gains from the sale of unlisted shares are generally taxed as ordinary income for the seller. However, a special regime applies: if the seller is an individual and the total sale proceeds in a tax year are below 0.1% of the company's paid-up capital, no tax is due. For higher amounts, the gain is calculated as the difference between the sale price and the acquisition cost and is taxed at the individual's progressive rates (5%–35%). Practically, the DGT often applies a deemed gain percentage for ease of administration.

Cryptocurrency Gains — 0.1% Final PPh

Indonesia introduced specific taxation for cryptocurrency transactions. Gains from crypto trading are subject to a final PPh of 0.1% of the transaction value (reduced from 0.2% in early 2024). VAT (PPN) of 11% is also chargeable on crypto transactions. The tax is collected by the crypto exchange platform and remitted to the DGT. Mining income is treated as business income and taxed under normal rules. The 0.1% final PPh applies to crypto-to-fiat and crypto-to-crypto transactions on recognised exchanges.

Bonds and Fixed Income

Gains from the sale of bonds and other fixed-income securities are treated as interest income. The tax treatment varies by bond type:

• Government bonds (SBN/ORI): Interest and capital gains are taxed at a final 10% withholding tax
• Corporate bonds: Interest is taxed at a final 15% withholding tax; capital gains are taxed at 15% for bonds held less than 1 year, exempt for bonds held over 1 year
• Discount on zero-coupon bonds: Taxed as interest at the applicable rate

FAQs

Do I need to report capital gains on my annual tax return?

For listed shares (0.1% final tax) and property (2.5% final tax), the tax is final — you do not need to report the gain in your annual SPT, though you should report the asset ownership. For unlisted shares taxed at progressive rates, the gain must be reported.

Can I offset capital losses from property against stock gains?

No. Each asset class has its own final tax regime. Losses from one asset class cannot be offset against gains from another because the tax is levied on gross proceeds, not net gains.

Is there a holding period that reduces capital gains tax?

No. Indonesia's deemed gain approach does not differentiate by holding period. Listed shares are always 0.1% transaction tax, and property is always 2.5% of sale price, regardless of how long the asset was held.

Disclaimer

This guide provides general information about Indonesian capital gains tax for the 2026 tax year. Tax laws and rates may change. Always consult with a qualified Indonesian tax advisor (konsultan pajak) or the DGT directly for advice specific to your situation. InvestmentKit does not provide tax advice.