Comparative analysis of company's financial performance before and after tax amnesty; evidence from Indonesia

Ratno Agriyanto    -  Universitas Islam Negeri Walisongo Semarang, Indonesia
Della Aprilia*  -  Universitas Islam Negeri Walisongo Semarang, Indonesia

(*) Corresponding Author

PurposeThe purpose of this study is to analyze differences in financial performance before and after the tax amnesty was applied until the third period.

Method This research uses a comparative method with a quantitative approach. The data collection technique used the documentation method. The research data were in the form of annual reports and financial reports of issuers of the Indonesia Stock Exchange. The results showed the financial performance before and after the tax amnesty up to the third period in the property and real estate sub-sector companies.

ResultThe result shows a significant difference between before and after the tax amnesty until the third period. However, there is no significant difference between Debt to Equity Ratio and Return on Equity before and after the tax amnesty until the third period. The analysis results up to the third period regarding company value shows that there are differences in company value before and after the tax amnesty up to the third period.

ImplicationThe study offers alternative perspective about tax amnesty. Most of the time companies are reluctant to engage with tax payment.By applying tax amnesty, both ruling government and companies are both be benefited. 

Originality This study is among few studies about the impact of tax amnesty on financial performance in Indonesia.

Keywords: tax amnesty, debt to equity ratio, total asset turnover, return on investment (ROI), Tobin's Q

Open Access Copyright (c) 2021 Journal of Islamic Economics Management and Business
Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Journal of Islamic Economics Management and Business (JIEMB)
Department of Master of Sharia Economics, Faculty of Islamic Economics and Business, Universitas Islam Negeri Walisongo Semarang, Indonesia

Jl Prof. Dr. Hamka Kampus III Ngaliyan Semarang 50185
Phone: +62 852-2007-5758
Website: https://febi.walisongo.ac.id/
Email: jiemb@walisongo.ac.id 

ISSN: 2721-0197 (Print)
ISSN: 2721-0324 (Online)
DOI : 10.21580/jiemb

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License 

apps