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Abstract

This study aimed to know the relationship between fixed asset revaluation and the perception of the company's performance in the future. This research can advise the government on the effect of fixed asset revaluation on company performance when the government repeats the policy of reducing fixed asset revaluation taxes during the economic recovery during the pandemic. The methodology used in this study was mixed methods research, which collected and analyzed qualitative and quantitative data. This research used primary data from focus group discussions (representatives of industrial entities, tax consulting practitioners, public accountants, regulators, and related authorities) and questionnaires distributed to 118 listed companies. This research found that implementing fixed asset revaluation in the company has an effect on increasing the company's performance perception in terms of accounting-based measures but did not necessarily increase the company's performance perception in terms of market-based measures. This research also explored the company's motives for revaluing fixed assets and the factors that became obstacles to implementing the fixed-asset revaluation tax incentive policy in Indonesia, including recommendations for implementing the fixed asset revaluation tax policy in the future.

Bahasa Abstract

Penelitian ini bertujuan untuk mengetahui hubungan antara revaluasi aset tetap terhadap persepsi kinerja perusahaan di masa yang akan datang. Penelitian ini dapat memberikan masukan kepada pemerintah tentang hubungan revaluasi aset tetap terhadap kinerja perusahaan ketika pemerintah akan mengulangi kebijakan pengurangan pajak revaluasi aset tetap selama pemulihan ekonomi di masa pandemi. Metodologi yang digunakan dalam penelitian ini adalah metode penelitian kombinasi yang mengumpulkan dan menganalisis data kualitatif dan kuantitatif. Penelitian ini menggunakan data primer dari focus group discussions (perwakilan entitas industri, praktisi konsultan pajak, akuntan publik, regulator, dan otoritas terkait) dan kuesioner yang dibagikan kepada 118 perusahaan tercatat. Penelitian ini menemukan bahwa penerapan revaluasi aset tetap memiliki hubungan terhadap persepsi peningkatan kinerja perusahaan dari sisi accounting based-measures (operating income dan cash flow operations), namun tidak serta merta meningkatkan persepsi kinerja perusahaan dari sisi market-based measures (share price dan share returns). Dalam penelitian ini juga mengeksplorasi lebih lanjut terkait motif perusahaan melakukan revaluasi aset tetap dan faktor-faktor yang menjadi penghambat penerapan kebijakan insentif pajak revaluasi aset tetap di Indonesia, termasuk rekomendasi penerapan kebijakan pajak revaluasi aset tetap di masa mendatang.

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Revisi Editor.docx (101 kB)
Daftar Revisi Editor.docx (20 kB)
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