Agresivitas Pajak Pasca Penerapan PSAK 73 Di Perusahaan Industri Farmasi: Difference in Difference Analysis

Abstract

This study aims to determine changes in corporate tax aggressiveness after the application of Statement of Financial Accounting Standards (PSAK) 73. The sample of this research is the financial statements of pharmaceutical industry companies for the 2017-2020 period. The change impact test was performed using the Difference in Difference (DID) analysis technique in the panel data regression model. The results showed that the Pharmaceutical Industry companies affected by PSAK 73 experienced a decrease in the value of ETR by 7.08% after the implementation of PSAK 73 (increased tax aggressiveness) compared to companies that were not affected by PSAK 73. This study is expected to provide consideration for companies in formulating planning policies. taxes by taking into account the impact of the application of PSAK 73 and minimizing potential agency problems that may arise. For the Directorate General of Taxes (DGT), this research can be used as consideration in conducting tax audits or supervision.

The Effect of Profit Behavior and Tax Aggressiveness After The Impelementation of PSAK 73: Literature Review

“…According to (Iswandana, 2018) the convergence of IFRS 16 is related in the aspect of tax avoidance due to the increasing burden of tax payments due to restrictions on interest costs. These results are in line with research conducted by (Harwoko & Kurniawati, 2022;Mulyaningsih et al, 2023;Ramadhani et al, 2020). But on the contrary, research based on (Sari, 2019) actually states that there is no effect of recording financial leases on tax avoidance.…”

“…Previous research that supports the effect of financial lease on tax aggressiveness or tax avoidance is research conducted by (Harwoko & Kurniawati, 2022;Mulyaningsih et al, 2023;Purwitasari & Kuntadi, 2023;Ramadhani et al, 2020;Sundari & Nofryanti, 2019). Sundari & Nofryanti (2019) in their research on manufacturing companies on the Indonesia Stock Exchange for the period 2014-2016 with a quantitative approach and a total sample of 28 companies and 84 observational data showed that financial leases have a significant negative influence on tax avoidance.…”

Effect of the New Standard of Leasing (PSAK 73 Adopts IFRS 16) on Firm Value During the Covid-19 Pandemic

“…Firms that have an increase in lease liabilities above 1 percent from the difference between lease liabilities in year t and lease liabilities in 2019, divided by total liabilities in 2019, are considered as the group with a high increase in lease liabilities due to the implementation of PSAK 73. Firms with an increase in lease liabilities less than 1 percent are considered as the group that did not experience a high increase in lease liabilities due to the implementation of PSAK 73 (Angrist & Pischke, 2008;Harwoko & Kurniawati, 2022). This research measures firms with high lease liabilities due to the implementation of PSAK 73 as a value of one (1), and firms without high lease liabilities due to the implementation of PSAK 73 as a value of zero (0).…”

“…Therefore, the researcher uses these control variables to minimize the influence of other factors besides the independent variable that may affect the dependent variable, as in the studies conducted by Chung (2022) and Harwoko & Kurniawati (2022).…”

The Impact Of IRFS 16 Implementation On Tax Aggressiveness: Do Right-Of-Use Assets And Lease Liabilities Matter?

“…The recording of asset recognition and lease debt as a result of the implementation of PSAK 73 will change the company's debt-to-equity ratio (Harwoko & Kurniawati, 2022). An increase in the debt-to-capital ratio can encourage companies to practice tax aggressiveness, such as transfer pricing or using complex corporate structures to reduce the tax expenses that must be paid.…”