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

Jurnal Borneo Administrator

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Field Value
 
Title Tax Administration Issues on Revenue Recognition after IFRS 15 Adoption in Indonesia
 
Creator Saptono, Prianto Budi
Khozen, Ismail
 
Description 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.
 
Publisher Puslatbang KDOD Lembaga Administrasi Negara
 
Date 2021-08-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://samarinda.lan.go.id/jba/index.php/jba/article/view/877
10.24258/jba.v17i2.877
 
Source Jurnal Borneo Administrator; Vol 17 No 2 (2021): August, 2021; 169-182
2407-6767
1858-0300
 
Language eng
 
Relation http://samarinda.lan.go.id/jba/index.php/jba/article/view/877/339
 
Rights Copyright (c) 2021 Jurnal Borneo Administrator
http://creativecommons.org/licenses/by-nc-sa/4.0
 

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