Tax Facilities through Omnibus Law Taxation: A Canon Taxation Review

This research is a conceptual study to examine tax policy in the pandemic situation with a canon taxation perspective, namely equity, certainty, convenience, and efficiency. The study conducted by using a literature review concerning the role of Omnibus Law includes tax facilities to attract foreign investment underlining strengths and weaknesses. Data is obtained through secondary sources in the form of archival reports and previous research relevant to the research. Based on the analysis of literature studies, this research produces several things. First, the principle of equity is found in adjusting corporate tax rates. Associated with the aim of attracting foreign investment, the tariff adjustment policy naturally will not be realized in 2020, where traffic between countries is restricted to prevent the spread of Covid-19. Second, in the tax policy scheme of domestic tax subject reclassification, which includes more than 183 foreigners working in Indonesia, and Indonesian citizens living abroad over 183 days are classified as subject to foreign tax. Tax is imposed on foreigners only on income earned in Indonesia. This pattern fulfills certainty principles. Third, the regional tax incentive scheme is an instrument that ensures the certainty of regional investment in line with the principles of equity and convenience. Furthermore, local tax exemptions can lower the price of consumer goods in the regions, thereby increasing the purchasing power of the wider community, which was hampered by the pandemic. In this way, local taxes play a role in increasing regional competitiveness through public policies (tax incentives), to improve the welfare of people, especially those affected by the epidemic. Fourth, the tax holiday scheme encourages industrial growth in accordance with the principle of efficiency

Tinjauan hukum Islam terhadap sistem perhitungan bagi hasil pada pembiayaan mudharabah (study kasus di BTM Nurul Ummah Tegal)

Adanya lembaga-lembaga keuangan konvensional yang saling berlomba-lomba membuka layanan syariah, merupakan salah satu bentuk sosialisasi ekonomi Islam. Proses ini semakin dipercepat dengan dikeluarkannya fatwa MUI yang menyebutkan bahwa bunga bank adalah riba. BMT adalah lembaga keuangan yang berlandaskan pada prinsip syariah. Nama lain BMT dengan tujuan sama yakni menyalurkan modal usaha adalah BTM (Baitut Tamwil Muhammadiyah) sebagai lembaga keuangan syariah yang ikut memberikan sumbangsihnya terhadap perekonomian masyarakat. BTM Nurul Ummah Tegal yang berdiri di tengah kondisi masyarakat Kab. Tegal. Adapun tujuan penelitian adalah untuk Mengungkapkan sistem perhitungan bagi hasil dalam pembiayaan mudharabah di BTM Nurul Ummah Tegal dan untuk Mengetahui tinjauan hukum Islam terhadap implementasi sistem perhitungan bagi hasil dalam pembiayaan mudharabah di BTM Nurul Ummah Tegal Jenis penelitian ini adalah penelitian lapangan (field research). Teknik pengumpulan data meliputi wawancara dan dokumentasi. Sedangkan teknik anal isinya deskriptif analitis. Hasil penelitian menunjukkan bahwa dalam operasionalnya, BTM Nurul Ummah Tegal menghimpun dana untuk pembiayaan kepada pihak kedua menggunakan akad mudharabah dengan sistem bagi hasil mudharabah, dengan sistem revenue sharing dalam perhitungannya yakni pendapatan yang diterima oleh pihak BTM Nurul Ummah Tegal adalah pendapatan nasabah sebelum dikurangi biaya-biaya (laba bersih). Disisi lain dalam pengambilan nisbah bagi hasil yang dilakukan oleh BTM Nurul Ummah belum sesuai dengan sistem perhitungan bagi hasil pembiayaan menurut Hukum Islam. Cara pembagian keuntungan yang dilakukan oleh BTM Nurul Ummah Tegal menggunakan sistem bunga yang mana pembagian keuntungan adalah tetap, dan didapat dari prosentase pembiayaan yang diajukan oleh nasabah bukan dari prosentase keuntungan yang didapat dari usaha si nasabah.Kata Kunci: Mudharabah, Sistem perhitungan bagi hasi

Compliance behaviour from the holistic human nature perspective

Purpose – Previous studies on tax compliance have not internally failed to consider why individuals avoid tax payments. The purpose of this paper is to explore the compliance behaviour of Indonesian taxpayers from holistic human nature perspectives including their rational, social and spiritual values. Design/methodology/approach – This paper adopts the tabayyun approach, an interpretive conceptualised methodology using Islamic knowledge to explore taxpayers’ rational, social and spiritual realities. Findings – Tax compliance is influenced by holistic factors: personal economic rational, social consensus and spiritual beliefs. Rational taxpayers distrust tax authority and see tax payments as an economic decision (i.e. costs and benefits) that reduces/increases wealth. So, they tend to avoid or reconfigure payments. Opposite to economic rationally is the societal pressure upon taxpayers to converge to being an acceptable citizen with legitimate businesses. Under this view, no mistrust against tax authority exists. As for the spiritual factor, tax payments are seen as religious duties like zakat that ought to be paid for achieving spiritual alleviation. Research limitations/implications – Due to the research approach, this study results may lack generalisation. Future research can expand broader understanding of religious belief in corporation with compliance behaviour. Practical implications – In the tax policy context, this study recommends to take into consideration religious levy being included in the tax system. This study also argues substituting tax with zakat. In Indonesia, religious levy takes more essential roles in the spiritual domain rather than economical domain. Social implications – It is difficult to expect tax compliance to be an internal compliance because the source of the command is of an external origin. It is considered as a new concept of wealth distribution that comes from an internal attribute. For states that have religious population as Indonesia, religious values become communal bonds that more dominantly form self-identity at both physical and mental levels. Hence, it is very essential for the state to consider the inclusion of religious values or teachings to the regulation, if the state wants such regulation to be adhered significantly by people. The collection instrument whose bonds originated in religious moral/spiritual values can raise the awareness and compliance voluntarily because the command source is internal and autonomous. Originality/value – This study fills the gaps in the taxation literature by incorporating a spiritual perspective, instead of rational and social domain

Tax Compliance in Indonesia: A Meta-Analysis

Purpose: This study aims to summarize existing research findings regarding the determinants of tax compliance in Indonesia by using Meta-analysis. Methods International databases (Scopus) and Indonesian-accredited journals (Sinta 2) are employed to collect data. A targeted search is conducted using the keyword “compliance” in connection with tax compliance, tax avoidance, tax evasion, and related terms. We used Harzing’s Publish application in searching for related papers. We begin with an initial sample of 71 meta-analyses and finally have 39 studies as the final sample of our literature review. Results: We found that a penalty is not the best way to solve compliance issues. In contrast to the traditional (enforcement) paradigm, our investigation revealed that sanctions could not fully explain compliance. Taxpayers should not feel heavily penalized when there is a delay in reporting. Sanctions that are low and less tangible make taxpayers underestimate existing sanctions. Furthermore, tax reform policies such as the Sunset policy (SP), are not regular provisions that are used consistently. SP is a particular tax policy that eliminates tax penalties for individual taxpayers who have recently registered and amended their tax returns. Implications: This study has substantial implications for the Directorate General of Taxes (GDT) concerning the policy approaches in dealing with tax non-compliance. The Indonesian tax authority needs to shift from sanction to voluntary compliance by framing a friendly approach in dealings with taxpayers. Originality: To our knowledge, this is the first study to review the determinants that influence tax compliance specifically in Indonesia using a meta-analysis lens. Limitations: Some important studies are not accessed because of budget limitations

Tinjauan Kritis Kesyariahan Koperasi Syariah

Cooperative sharia has a specific niche market, namely the micro businesses market in which consumen has emotional orientation. With these features, the cooperative sharia as a business entity have prosecuted profitable as well as fulfill the substance of sharia compliance. Profit orientation has been a common in the business world. How to sharia compliance? This study is aimed to examine sharia aspect of the cooperative by refering to sharia cooperative regulation provided. The study found some un-sharia implementation in term of substance, although the form or the packaging has looked as sharia. Un-sharia is looked from the scope of the savings and loans and financing, readiness to bear the loss, as well as the substance of the contracts

Good Corporate Governance and Intellectual Capital: Evidence From Corporate Governance Perception Index

This research aimed to examine the effect of financial performance on Good Corporate Governance and intellectual capital to the top ten companies that ranked to the CGPI (Corporate Governance Perception Index). We have 45 samples from 9 companies which included in top ten of the CGPI (Corporate Governance Perception Index) 2013-2017. Based on multiple linear regression, this research have no proved the GCG (Good Corporate Governance) and IC (intellectual capital) as a predictor of financial performance. It means that corporate governance cannot always be used to measure short-term financial performance but is more useful for measuring the company’s prosperity in the long ru

Market Reaction on the Announcement of Elected President

Investors tend to respond to political events information because they are considered to be supporting or risking the stability of the capital market, so they must immediately make investment decisions quickly. Unlike the election process in other countries, this five-yearly election in Indonesia is not just a regularity of changing authorities but also carries an ideological gamble. The 2019 election as a necessary test for Indonesia related to the issue of communist phobia:between secular and conservative. Different from previous research on political events that focus on the electoral period, this study aims to prove the information content of the presidential announcement in 2019 by using a window period of eleven days, which is five days before and five days after the announcements. Tests were conducted on 45 companies registered as LQ-45 companies in 2019. Different samples of paired tests were done using a paired t sample tool by comparing abnormal returns and the level of stock trading activity. By using various tests, this study proves the existence of significant differences in abnormal returns and trading activities in the period before and after the 2019 presidential announcement. So,it was concluded that the 2019 presidential announcement had information content that had an impact on obtaining abnormal returns for investors. This study also proves that investors respond to information and political events as part of their investment decisions.So that daily transaction fluctuations are indicated by a trend of increasing and decreasing selling and buying actions on a spot tim