VAT Issues on Omnibus Law in Indonesia and Their Administrative Implications

Saptono, Prianto Budi; Khozen, Ismail

doi:10.29322/ijsrp.11.02.2021.p11016

Cited by 2 publications

(2 citation statements)

References 2 publications

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“…As time goes by, the Pros and Cons appear still growing along with the law's enactment. Even the elite act to support micro, small and medium enterprises (Saptono & Khozen, 2021), but the public are still questioning these small-scale businesses' ability to compete with those supported by almost unlimited capital.…”

Section: Resultsmentioning

confidence: 99%

Questioning Open Governance Principle within the Law-Making Process of Omnibus Law

Khozen¹,

Saptono²,

Ningsih³

2021

SOSHUM

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The convoluted issuance of permits for opening a new business or the daily process of running a business due to overlapping regulations is one of the reason for the government to take an alternative route in the form of the Omnibus Law, which can replace several rules at once. However, suppose that the alternative option through the omnibus law can work as expected, but it does not mean that every process will be appropriate with the applicable regulations. Using a qualitative approach, this study aims to analyze the fulfilment of open governance principles in omnibus law's promulgation process. Our analysis shows that Indonesia's omnibus law-making process in 2020 still ignores the principle of openness mandated under Law Number 12/2011. The government's neglectful attitude, especially concerning open data and open process, indicates that the government has not paid enough attention to the open governance principle.

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Section: Resultsmentioning

confidence: 99%

Questioning Open Governance Principle within the Law-Making Process of Omnibus Law

Khozen¹,

Saptono²,

Ningsih³

2021

SOSHUM

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“…From the policy side, the taxation provisions in Indonesia that have regulated the time of supply are: Article 13 paragraph ( 1 Even though the time of supply regulations are pretty straightforward, there are still frequent tax disputes in practice due to different interpretations of the time supply. Previous experiences show that tax disputes have increased concerning differences in tax authority and taxpayers' interpretation (Saptono & Khozen, 2021c). When dissenting interpretations occur, the contract takes a vital role to ensure the tax obligation between the entity and the customer.…”

Section: Issues Concerning Value Added Taxmentioning

confidence: 99%

Tax Administration Issues on Revenue Recognition after IFRS 15 Adoption in Indonesia

Saptono

Khozen

2021

j. borneo adm.

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This study aims to provide a brief and analytical reporting on IFRS 15 adoption in Indonesia into PSAK 72 related to Income Tax and Value Added Tax issues that may arise. We use literature studies to collect data and strengthen it with in-depth interviews of taxpayers, PSAK standard setter, tax consulting practicioner, and Directorate General of Taxes official. Our findings demonstrate the need for entities to consider taxation issues that may arise due to revenue recognition developments. Unconformity that may arise between accounting and tax requires the entity to explain these differences by documenting them early. Taxpayers need to underline the burden of compliance arising from the IFRS 15 adoption, which is the compliance costs in the form of mark-to-market and realization taxation. In implementing PSAK 72 to align with the realization principle in the Income Tax Law, the taxpayer compliance cost will increase by making detailed fiscal reconciliations. From the VAT perspective, the Tax Paying Entrepreneurs need to make contract adjustments with the counterparty to ensure that the time of supply is the basis for determining the VAT payable. This research presents the gap between accounting and taxation so that it can be a lesson for application in other countries.

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VAT Issues on Omnibus Law in Indonesia and Their Administrative Implications

Cited by 2 publications

References 2 publications

Questioning Open Governance Principle within the Law-Making Process of Omnibus Law

Questioning Open Governance Principle within the Law-Making Process of Omnibus Law

Tax Administration Issues on Revenue Recognition after IFRS 15 Adoption in Indonesia

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