Does Indonesia have a capital gains tax?

Indonesia has no standalone capital gains tax. Gains are taxed through final withholding taxes that differ by asset. Listed shares carry a 0.1% final tax on the gross sale value. Land and building transfers carry a 2.5% final PPh on the transfer value. Unlisted shares and other assets are taxed on the actual gain at progressive income-tax rates.

How is tax on selling listed shares calculated?

When you sell shares on the Indonesia Stock Exchange, a 0.1% final tax is withheld on the gross sale value of the transaction, collected automatically by your broker. It applies to the sale proceeds, not your profit, so you pay it even on a loss. Founder shares carry an additional 0.5% on the IPO value.

What tax does the seller pay on Indonesian property?

The seller of land or a building pays a final PPh of 2.5% on the transfer value, which is the higher of the transaction price or the NJOP. The rate drops to 1% for simple or subsidised housing sold by developers. Because it taxes the transfer value rather than the gain, the tax can exceed your actual profit on a low-margin sale.

How are gains on unlisted shares taxed?

Gains on unlisted shares and other assets without a final-tax regime are added to your taxable income and taxed at your marginal PPh rate, which ranges from 5% up to 35% depending on your total income band. This calculator lets you pick the marginal rate to apply to the gain.

Why might my tax be higher than my profit?

For listed shares and property, the final tax is charged on the transaction value, not the gain. If you sell at a small profit or even a loss, you still owe 0.1% (shares) or 2.5% (property) of the sale price. Only the unlisted-share route taxes the actual gain, so it can return zero tax on a loss.

Indonesia Capital Gains Tax Calculator

Email me this result

Get this tool's output sent to your inbox, plus one useful tool a week. No spam, unsubscribe any time.

The Indonesia capital gains tax calculator works out what you owe when you sell shares or property. Indonesia replaces a conventional CGT with asset-specific final taxes, and this tool applies the right rule for each so you can see your tax and net proceeds instantly.

How it works

There is no single capital gains tax in Indonesia. Instead:

Listed shares (BEI): a 0.1% final tax on the gross sale value, collected by your broker.
Land or building (seller): a 2.5% final PPh on the transfer value (the higher of price or NJOP); 1% for simple or subsidised housing.
Unlisted shares and other assets: the actual gain is added to income and taxed at your marginal PPh rate (5% to 35%).

For the first two, the tax base is the transaction value, so you can owe tax even on a loss. Only the unlisted route taxes the genuine gain.

Worked example

Sell Rp 150,000,000 of listed shares bought for Rp 100,000,000: the tax is 0.1% of the Rp 150,000,000 sale, just Rp 150,000, regardless of the Rp 50,000,000 profit. Sell a Rp 2,000,000,000 house: the seller’s PPh final is 2.5% of the transfer value, Rp 50,000,000. Sell unlisted shares with a Rp 50,000,000 gain at a 30% marginal rate: tax is Rp 15,000,000.

Tips and notes

Listed-share and property taxes apply to the transaction value, not the profit — factor this into low-margin sales.
Founder shares sold around an IPO carry an extra 0.5%.
Property tax base is the higher of price or NJOP, so a low headline price does not cut the seller’s PPh.
All figures are calculated in your browser. Nothing is uploaded or stored.