The purpose of the research to dig deeper into the concepts and theories of Baitul Maal Wa Tamwil, because it is based on the fact that occurs in the environment that BMT has shown its success which has been widespread in almost all regions of Indonesia, proven in 2016 reaching 6000 units of BMT and finding good prospects. This type of research is qualitative, supported by data taken in a secondary way using literature study. To support the research, the authors processed the data using Ms. Excel. BMT is a sharia microfinance institution as a non-governmental organization that collects and manages funds according to sharia principles in order to achieve financial and humanitarian economic goals or to achieve mashlahah. BMT does not only focus on financial activities but also social virtue activities. BMT refers to the authoritative source of Islam, Law no. 25 1992 concerning cooperatives and the DSN-MUI fatwa. The source of finance comes from customers and the results of operating income. Customer funds are then managed using sharia financing and contracts, the profits are known as profit sharing. BMT must always conduct evaluations so that the operational system and its resources are better and continue to disseminate information to the community.

The Covid-19 pandemic has had a very big impact. All parts of the world are making efforts to prevent the spread of this virus, decisions to lockdown, quarantine areas, or PSBB. Which resulted in delays in the economy and financial markets. Domestic and foreign investors dispose of their funds in order to prevent risks. JCI recorded that in February the price index fell to a level of 3938. Stock prices that tend to be unstable will affect the volatility of returns (fluctuations in the level of returns that will be obtained by investors) and systematic risk (deviations from the outcome of their expected returns). Therefore, a research was conducted to examine the stocks that had been randomly selected on LQ45, namely LPPF, ASII, ANTM, TLKM, and BBRI for the period November 2019-October 2020 through quantitative methods using e views 10, where all data was obtained by secondary literature study. From the stock price, there is a very sharp stock return volatility. The lowest average stock return volatility is in ASII shares valued at -0.006264. Meanwhile, the highest average volatility is ANTM stocks 0.053972. The sharp volatility shows that all five stocks have risks. LPPF, ASII, ANTM, and BBRI stocks have a beta value (risk)> 1 which means the stock is risky. The expected return is higher than the market return. This is also in line with the standard deviation of the LPPF which scores the highest. Meanwhile, TLKM shares have a beta value <1 or the volatility of stock returns is below the market return. This means that stocks have little risk, the expected return is lower than the market return.

Tujuan penelitian untuk mengetahui dampak penerapan PSAK 72 pada implikasi pajak perusahaan 2019-2020. Metode penelitian menggunakan pendekatan kuantitatif melalui jenis korelasional. Populasi berjumlah 89, sampel diambil dengan teknik purposive sampling, didapatkan 32 sampel. Instrumen penelitian berupa dokumen, dianalisis menggunakan metode statistika inferensial, dengan uji normlitas dan uji wilcoxon. PSAK 72 mengatur pengakuan pendapatan dari kontrak dengan pelanggan. Menghapus konsep income accrual dan basic cash. Pendapatan diakui jika kewajiban telah terpenuhi. Mengakibatkan entitas mengalami penurunan pendapatan sebab banyak kontrak jangka panjang yang masih terjalin namun pada waktu yang akan datang pendapatan akan melonjak tinggi. Hasil penelitian, penerapan PSAK 72 berdampak pada implikasi pajak, berpengaruh pada pengakuan dan pembayaran pajak penghasilan badan. Terdapat disparitas pajak fiskal dengan pajak akuntansi, sebab konsep perolahan pada pajak fiskal sudah ditinggalkan dalam PSAK 72. Adanya disparitas ini tidak menutup entitas untuk tidak mematuhi pajak, sehingga konsekuensi yang harus dihadapi yakni adanya akselerasi pengakuan pajak. Pajak penghasilan badan diakui dan dibayarkan lebih cepat dibanding pendapatan yang belum diterima. SPT yang dilaporkan tetap berpedoman pada aturan fiskal. Jika tidak, kemungkinan entitas akan menerima denda dan sanksi atas ketidakpatuhan dalam pembayaran pajak