ncome Tax and VAT Issues Concerning Leases after IFRS 16 Convergence in Indonesia

This study analyzes income tax and value-added tax (VAT) issues on lease transactions after IFRS 16 convergence in Indonesia into PSAK 73. The data collection is through in-depth interviews and literature review. We interviewed informants selected purposively. We also used secondary data f...

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Autores principales:	Prianto Budi Saptono Mail, Ismail Khozen
Formato:	article
Lenguaje:	EN
Publicado:	Ikatan Akuntan Indonesia 2021
Materias:	lease ifrs 16 psak 73 income tax value-added tax Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/6d0dda01a17d4a3a87c932d004ca0b6f
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spelling	oai:doaj.org-article:6d0dda01a17d4a3a87c932d004ca0b6f2021-11-10T03:51:54Zncome Tax and VAT Issues Concerning Leases after IFRS 16 Convergence in Indonesia 10.33312/ijar.5382086-68872655-1748https://doaj.org/article/6d0dda01a17d4a3a87c932d004ca0b6f2021-05-01T00:00:00Zhttps://ijar-iaikapd.or.id/index.php/ijar/article/view/538https://doaj.org/toc/2086-6887https://doaj.org/toc/2655-1748This study analyzes income tax and value-added tax (VAT) issues on lease transactions after IFRS 16 convergence in Indonesia into PSAK 73. The data collection is through in-depth interviews and literature review. We interviewed informants selected purposively. We also used secondary data from literature studies to enrich the analysis. This study concludes that the tax authorities need to make tax policies that can provide legal certainty. The new tax regulation needs to accommodate a more precise direction of the policy. Among the three available options, this study favors realization taxation as a more appropriate option for Indonesia’s current situation, other than mark-to-market or hybrid taxation. To narrow the practical gap between accounting and tax, this study recommends that tax authorities initiate a discussion with relevant stakeholders to prevent potential tax disputes in the coming years. Tax authorities need to notice some issues with withholding tax when the lessee records interest expenses as well as transfer/delivery issues causing VAT payable when the lessee recognizes a right-of -use asset. Prianto Budi Saptono Mail Ismail KhozenIkatan Akuntan Indonesiaarticleleaseifrs 16psak 73income taxvalue-added taxAccounting. BookkeepingHF5601-5689ENThe Indonesian Journal of Accounting Research, Vol 24, Iss 2, Pp 259-288 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	lease ifrs 16 psak 73 income tax value-added tax Accounting. Bookkeeping HF5601-5689
spellingShingle	lease ifrs 16 psak 73 income tax value-added tax Accounting. Bookkeeping HF5601-5689 Prianto Budi Saptono Mail Ismail Khozen ncome Tax and VAT Issues Concerning Leases after IFRS 16 Convergence in Indonesia
description	This study analyzes income tax and value-added tax (VAT) issues on lease transactions after IFRS 16 convergence in Indonesia into PSAK 73. The data collection is through in-depth interviews and literature review. We interviewed informants selected purposively. We also used secondary data from literature studies to enrich the analysis. This study concludes that the tax authorities need to make tax policies that can provide legal certainty. The new tax regulation needs to accommodate a more precise direction of the policy. Among the three available options, this study favors realization taxation as a more appropriate option for Indonesia’s current situation, other than mark-to-market or hybrid taxation. To narrow the practical gap between accounting and tax, this study recommends that tax authorities initiate a discussion with relevant stakeholders to prevent potential tax disputes in the coming years. Tax authorities need to notice some issues with withholding tax when the lessee records interest expenses as well as transfer/delivery issues causing VAT payable when the lessee recognizes a right-of -use asset.
format	article
author	Prianto Budi Saptono Mail Ismail Khozen
author_facet	Prianto Budi Saptono Mail Ismail Khozen
author_sort	Prianto Budi Saptono Mail
title	ncome Tax and VAT Issues Concerning Leases after IFRS 16 Convergence in Indonesia
title_short	ncome Tax and VAT Issues Concerning Leases after IFRS 16 Convergence in Indonesia
title_full	ncome Tax and VAT Issues Concerning Leases after IFRS 16 Convergence in Indonesia
title_fullStr	ncome Tax and VAT Issues Concerning Leases after IFRS 16 Convergence in Indonesia
title_full_unstemmed	ncome Tax and VAT Issues Concerning Leases after IFRS 16 Convergence in Indonesia
title_sort	ncome tax and vat issues concerning leases after ifrs 16 convergence in indonesia
publisher	Ikatan Akuntan Indonesia
publishDate	2021
url	https://doaj.org/article/6d0dda01a17d4a3a87c932d004ca0b6f
work_keys_str_mv	AT priantobudisaptonomail ncometaxandvatissuesconcerningleasesafterifrs16convergenceinindonesia AT ismailkhozen ncometaxandvatissuesconcerningleasesafterifrs16convergenceinindonesia
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ncome Tax and VAT Issues Concerning Leases after IFRS 16 Convergence in Indonesia

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