Why are some stocks required to have a 10% tax from the sale process?

Starting from May 2023, as per the new policy from our US brokerage partners, non-U.S. taxpayers investors will be subject to a 10% tax on the sale value of 31 shares, based on the following details: https://files.alpaca.markets/disclosures/library/PTP+Withholding+Disclosure.pdf

 

The following are 31 shares which are subject to 10% tax upon sale:

AB, AIA, ARLP, BAR, BSM, CAPL, CEQP, CQP, DKL, EPD, ET, FTAI, FUN, GEL, GLP, HEP, IEP, KKR, MMP, MPLX, NRP, NS, PAA, RGP, SGH, SPH, SUN, UAN, USAC, WES, WLKP

 

The 10% tax is calculated based on the total amount obtained from the sale of the stock and you are required to cover the tax.


Because this tax is deducted by broker partners outside Indonesia, Indonesian tax reporting can be done in the same way as the link we attached here: https://nanovest.zendesk.com/hc/en-us/sections/4403977520025-Ownership-dividends-and-taxes.

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