EVALUATION STUDY OF INCOME TAX PLANNING IMPLEMENTATION BEFORE AND AFTER THE IMPLEMENTATION OF PSAK NO. 46: Case Study at PT. Siantar Top, Tbk. in Sidoarjo

Title: EVALUATION STUDY OF INCOME TAX PLANNING IMPLEMENTATION BEFORE AND AFTER THE IMPLEMENTATION OF PSAK NO. 46: Case Study at PT. Siantar Top, Tbk. in Sidoarjo

Author: Heru Prayitno

Affiliations: Master of Accounting Study Program, Faculty of Economics and Business, Universitas Airlangga Surabaya

Publisher: Universitas Airlangga

Abstract

Corporate income tax is a tax that must be paid by a business entity from its fiscal profits in one tax year. Fiscal profit in this case is definitely different from commercial profit. The tax planning carried out must include quantitative and qualitative aspects which include policies, procedures and planning for selecting appropriate accounting methods. Therefore, tax planning is used to minimize the tax burden that must be paid without violating existing tax regulations.

In carrying out tax planning, every Taxpayer must pay attention to the differences between commercial financial reports and fiscal financial reports. Income Tax Accounting Standards (PSAK No. 46) is an income tax accounting method that comprehensively applies an asset-liability approach, where this method recognizes deferred tax liabilities and assets for future fiscal consequences caused by time differences. The presentation of tax consequences related to temporary differences forces companies to pay attention to deferred tax elements in their tax planning.

This research uses a qualitative approach with an explanatory case study method where the research design consists of several components as follows: 1). Research questions; 2). Proposition; 3). Unit of analysis; 4). Linking data logic to propositions. Meanwhile, testing for data analysis in per. This research uses: categorization, tabulation, pattern matching, explanation, time series analysis, and conclusions through recombining evidence that points to the initial research proposition.

From the tests that have been carried out, the results obtained are that there have been significant differences in patterns in the implementation of tax planning carried out by taxpayers after the implementation of PSAK No. 46 concerning income tax accounting. The difference lies in the elaboration of the tax plan strategy and the implementation of tax obligations for the cost account group and fixed asset account group and their depreciation.

Keywords: Income tax, tax plan, temporary difference, deferred tax.

Sources: http://repository.unair.ac.id/34441/