Analysis of Tax Amnesty Implementation in the Financial Statements of Publicly Listed Companies
Tika Delima Siahaan, Dwi Martani
Department of Accounting, Faculty of Economics and Business, Universitas Indonesia
Abstract
This study aims to analyze companies that present and disclose tax amnesty in the financial statements according to PSAK 70. The analysis is conducted on the characteristics of the company, the choice of accounting policies applied, the presentation of assets and liabilities, the effects of equity from tax amnesty and disclosure of the redemption money. This research employs a descriptive qualitative method by analyzing financial reports that are downloaded from the website of the Indonesia Stock Exchange. In 2016, there are 194 listed companies that join tax amnesties, the most are property, real estate and building construction companies. The results show that companies which reveal the explicit choice of accounting policies are 23 companies. Companies that present separately for the asset and liabilities from tax amnesties are 26 companies and 83 companies disclose the amount of redemption money.
Keywords: tax amnesty, financial statements, PSAK 70, accounting policy, presentation and disclosure
Topic: Economics, Finance, Banking, and Accounting