Tax Potency On Peer To Peer Lending Business

Irwan Aribowo,Andy Fefta Wijaya,Agus Suryono,Hariomurti Tri Kuntonegoro,Laily Rofi’Ah,Khairul Muluk

doi:10.54957/educoretax.v2i1.130

Abstract

In 2019, the transaction value of digital economy has reached $ 40 billion with a projected growth of 49% per year. One of the fast growing digital economy in Indonesia is Peer to Peer Lending (P2P Lending) fintech. The Directorate General of Taxes (DGT) as tax authority must be careful in taking the advantage of opportunities to optimize tax revenue. This study describes the exploration of tax potency in P2P lending business carried out by tax officers. The focus of this research is to find out the taxation aspects of the P2P lending business, to find out how to extract potencies carried out by the tax authorities, and to find out the obstacles in extracting tax potency in the field. The analysis used in this study is qualitative methods. The results indicate that extracting tax potency in this business is still not optimal. Factors that become obstacles in exploring the potency are the limited access to financial data of taxpayers, the absence of specific tax rules regulating the P2P lending business, and the lack of cooperation between interrelated agencies.

Highlights

Along with the growth rate of internet use in Indonesia, the digital economy in Indonesia is growing very fast
The list of questions used in this study are categorized into four main parts, namely general questions, questions about the taxation aspects of P2P lending fintech business, questions related to the process of extracting tax potency by Account Representatives (AR), this question is asked to AR which in real terms supervise and explore the potency of Taxpayers engaged in P2P lending
The Omnibus Law, which is currently being drafted by the Government and Parliament, is expected to be able to solve the problems of digital taxation that exist today

Summary

INTRODUCTION

Along with the growth rate of internet use in Indonesia, the digital economy in Indonesia is growing very fast. Unlike financial services in banking business, the risk of credit or default in this business is fully borne by the lender and no state institution or authority is responsible for this risk of default To ensure that this lending and borrowing service runs well, the P2P lending platform is required to make transactions through an escrow account or virtual account according to the provisions of the OJK. The list of questions used in this study are categorized into four main parts, namely general questions, questions about the taxation aspects of P2P lending fintech business, questions related to the process of extracting tax potency by AR, this question is asked to AR which in real terms supervise and explore the potency of Taxpayers engaged in P2P lending. The author asks questions directly to the sources, the authors get answers to research questions related to tax aspects of this P2P lending fintech business

Income Tax

Constraints and challenges faced by DGT

Findings

CONCLUSION