Impact of tax regulation on the development of financial technology in Indonesia
DOI:
https://doi.org/10.20414/jed.v6i1.8577Keywords:
financial technology, tax, P2P, loansAbstract
Purpose — The objective of this study is to assess the influence of recently enacted tax legislation in May 2022 on the advancement of fintech in Indonesia.
Method — The present study utilizes a quantitative approach to gather empirical data and conduct hypothesis testing. The population under investigation in this study consists of the total count of lender accounts across 34 provinces in Indonesia, classified according to quarterly periods. The methodology employed in this study involved selecting samples from 33 provinces. Data collection spanned from the second quarter to the fourth quarter of the 2021-2022 period, resulting in a total of 192 observations. The process of hypothesis testing was carried out using multiple regression analysis.
Result — The research findings suggest that implementing fintech taxes significantly impacts the number of lender accounts in the following year. This implies that introducing taxes on fintech has a substantial influence on the lending sector, potentially leading to changes in the availability of accounts for borrowers and lenders in the year following the tax adoption.
Contribution — The contribution of this study based on its novelty is that it provides unique insights into the consequences of the recently enacted fintech taxes, which took effect on May 1, 2022. Before this research, no other investigations had explored this specific topic, making this study the first of its kind to shed light on the implications of the regulatory changes within the fintech industry.
Downloads
References
Dewi Haptari, V., & Aribowo, I. (2019). ANALISIS ASPEK PERPAJAKAN PADA FINTECH KHUSUSNYA PEER TO PEER (P2P) LENDING UNTUK MENYUSUN ATURAN PERPAJAKAN. Jurnal Pajak Dan Keuangan Negara (PKN), 1(1), 11. https://doi.org/10.31092/jpkn.v1i1.597
Ghozali, I. (2016). Aplikasi Analisis Multivariete IBM SPSS 23. Badan Penerbit Universitas Diponegoro.
Gomber, P., Koch, J.-A., & Siering, M. (2017). Digital Finance and FinTech: current research and future research directions. Journal of Business Economics, 87(5), 537–580. https://doi.org/10.1007/s11573-017-0852-x
Kepakisan, B. N. P., & Melani, R. A. (2022). Tinjauan Yuridis Terhadap Pengenaan Pajak Usaha Peer-To-Peer Lending Berbasis Fintech Menurut Aturan Di Indonesia. Gloria Justitia, 2(2), 103–128. https://apjii.or.id/content/read/39/410/Hasil-Survei-Penetrasi-dan-Perilaku-Pengguna-
Kusyeni, R., Pandoyo, P., Kumala, R., & Sofyan, M. (2022). Finance Technology Innovation in the Finance Sector: The Role of E-money on Increasing Tax Revenue. Ilomata International Journal of Tax and Accounting, 3(2), 139–149. https://doi.org/10.52728/ijtc.v3i2.443
Ma, Z., Hou, W., & Zhang, D. (2021). A credit risk assessment model of borrowers in P2P lending based on BP neural network. PLOS ONE, 16(8), e0255216. https://doi.org/10.1371/journal.pone.0255216
Mulyani, S., & Efriadi, A. R. (2021). Analisis Perlakuan Pajak Penghasilan Pasal 23 Atas Jasa untuk Menetapkan Fee Fintech Peer to Peer Lending PT Esta Kapital Fintek pada PT Esta Dana Ventura. Jurnal Akuntansi Dan Manajemen, 18(01), 59–67. https://doi.org/10.36406/jam.v18i01.355
Nusantara, A., Widiana, I. N. W., Ikhsanti, N., Rejekiningsih, T. W., Soepriyadi, I., & Hayati, T. P. T. N. (2022). Pengantar Ilmu Ekonomi. Get Press.
Octiana, H., Nopiyanti, A., & Putra, A. M. (2020). Analisis Dampak Financial Distress Terhadap Hubungan Antara Pengungkapan Laporan Keberlanjutan Dan Konservatisme. Jurnal Ilmiah Akuntansi Kesatuan, 8(3), 287–296. https://doi.org/10.37641/jiakes.v8i3.368
Putri, N. Y., Mas, A., & Utu, L. (2021). Financial Technology (Fintech) Berbasis Sistem Peer To Peer Lending (P2PL) dalam Perspektif Perpajakan. YUME?: Journal of Management, 4(2), 195–207. https://doi.org/10.37531/yume.vxix.861
Rambey, M. J., Tanjung, A., Harahap, T., & Siregar, E. (2021). Analisis Permintaan dalam Teori dan Praktik. Penerbit NEM.
Rizal, M., Maulina, E., & Kostini, N. (2019). Fintech Sebagai Salah Satu Solusi Pembiayaan Bagi Umkm. AdBispreneur, 3(2), 89. https://doi.org/10.24198/adbispreneur.v3i2.17836
Safitri, T. A. (2020). The Development of Fintech in Indonesia. Advances in Social Science, Education and Humanities Research, 436.
Sholicha, N., & Oktafia, R. (2021). Strategi Pemasaran dalam Upaya Peningkatan Omset Penjualan UMKM Desa Sumber Kembar, Kecamatan Pacet, Kabupaten Mojokerto. Jurnal Ilmiah Ekonomi Islam, 7(2).
Sholihah, S., Laut, L. T., & Jalunggono, G. (2019). Analisis Pengaruh Produk Domestik Bruto (Pdb), Invetasi, Tenaga Kerja Terhadap Tingkat Kemiskinan Di Indonesia Tahun 2001-2010. DINAMIC: Directory Journal of Economic, 1(2), 159–166.
Siregar, C. maharani, Yolanda, F., & Simbolon, J. C. (2022). Keterkaitan Teori Jean Baptiste Say Dengan Permintaan dan Penawaran Pada Konveksi Bintang Kejora Production. Jurnal Manajemen, Ekonomi, Keuangan Dan Akuntansi, 3(2).
Stefanny, V., & Tiara, B. (2021). Overview Perbandingan Jumlah User Fintech (Peer-To-Peer Lending) Dengan Jumlah Pengguna Internet Di Indonesia Pada Masa Pandemi Covid-19. Insan Pembangunan Sistem Informasi Dan Komputer (IPSIKOM), 9(1).
Suryono, R. R., Purwandari, B., & Budi, I. (2019). Peer to peer (P2P) lending problems and potential solutions: A systematic literature review. Procedia Computer Science, 161, 204–214. https://doi.org/10.1016/j.procs.2019.11.116
Wandita, D. T. (2020). Pengaruh Cukai Rokok Terhadap Konsumsi Rokok Serta Faktor-Faktor Yang Mempengaruhi Konsumsi Rokok. Jurnal Pendidikan Ekonomi: Jurnal Ilmiah Ilmu Pendidikan, Ilmu Ekonomi, Dan Ilmu Sosial, 14(1). https://doi.org/10.19184/jpe.v14i1.16659
Yuniarti, V., & Ekowati, W. H. (2019). Faktor-Faktor yang Mempengaruhi Minat Penggunaan Financial Technology Peer to Peer Lending. J. Chem. Inf. Model, 53(9), 1689–1699
Downloads
Published
Issue
Section
License
Copyright (c) 2023 Jevan Andreas Talahaturusun, Cliff Kohardinata
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
