scholarly journals Revenue and Distributional Impact Analysis of Indonesian Personal Income Tax Reform in 2008

2018 ◽  
Vol 63 (2) ◽  
pp. 97 ◽  
Author(s):  
Bimo Wijayanto ◽  
Yogi Vidyattama
Keyword(s):  
Impact Analysis ◽  
Oil And Gas ◽  
Compliance Rate ◽  
Foreign Debt ◽  
Personal Income ◽  
Fiscal Sustainability ◽  
Tax Revenue ◽  
Asean Countries ◽  
Distributional Impact ◽  
Tax Ratios

Since 1983, Indonesian tax policy has been the subject of ongoing reforms in order to replace the old colonial tax arrangements, reduce income dependency from oil and gas, decrease the government's foreign debt and maintain its fiscal sustainability. Nevertheless, after 25 years of reform, actual Indonesian tax performance is still far from what might have been expected as Indonesia have one of the lowest total tax ratios among the ASEAN countries. This research show that the most recent changes put in place may have reduced potential tax revenue from personal income but an increase in the compliance rate.

scholarly journals ANALISIS PERHITUNGAN DAN PEMOTONGAN PPh PASAL 21 KARYAWAN TETAP PADA PT. TELAGA BAKTI PERSADA TERNATE

2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Linath Masrinah ◽  
Jantje J. Tinangon ◽  
Natalia Y. T. Gerungai
Keyword(s):  
Income Tax ◽  
Oil And Gas ◽  
Vital Role ◽  
Tax Revenue ◽  
Tax Collection ◽  
Descriptive Research ◽  
Directorate General ◽  
The Government ◽  
Permanent Employees ◽  
Oil And Gas Sector

Taxes are an important component for the government in carrying out state activities in Indonesia, since the financing of routine expenditures as well as government development is largely derived from the tax sector. as it is known that tax revenue plays a vital role since the revenue from the oil and gas sector has decreased. The government in this case the Directorate General of Tax (DJP) always wanted to perform the task in terms of collecting tax revenue so that the nation's survival is maintained. Therefore, the Directorate General of Tax (DJP) is trying to get the tax collection in Indonesia on target by always trying to improve the service by updating the rules of tax collection that meet the requirements of justice, juridical, economic, financial and simple. This study aims to analyze the calculation and withholding of Article 21 Income Tax on the salary of PT. Telaga Bakti Persada Ternate whether it is in compliance with the provisions of the Taxation Law. No. 36 of 2008 Income Tax Income. This research uses Descriptive Research Method. The results of the research can be concluded that the calculation and withholding of income tax article 21 Income Tax on permanent employees of PT. Telaga Bakti Persada Ternate has done calculations and deductions in accordance with the provisions of the current law.Keywords: calculation and deduction of income tax PPh article 21, income tax, receipt income tax PPh article 21, accounting, income tax article 21, Tax Regulation.

scholarly journals THE SUSTAINABILITY OF STATE BUDGET IN DEBT REPAYMENT

2011 ◽  
Vol 13 (4) ◽  
pp. 415-434
Author(s):  
Haryo Kuncoro
Keyword(s):  
Data Analysis ◽  
Central Government ◽  
Foreign Debt ◽  
Theoretical Background ◽  
Fiscal Sustainability ◽  
Government Budget ◽  
State Budget ◽  
Quarterly Data ◽  
Domestic Debt ◽  
The Government

This paper is designed to analyze the sustainability of the central government budget in the case of Indonesia over the period of 1999-2009. First, we explore the theoretical background of the fiscal sustainability. Second, we develop a model to capture some factors determining the fiscal sustainability. Unlike the previous studies, we use both domestic debt and foreign debt to assess the fiscal solvency. Finally, we estimate it empirically. Based on the quarterly data analysis, we concluded that the government budget is unsustainable. This is associated with domestic debt rather than foreign debt. They imply that the central government should manage the debts carefully including re-profile, re-schedule, and re-structure them in order to spread the excess burden in the future. Also, the fiscal risks should be calculated comprehensively in order to maintain solvency.Keywords: Domestic debt, Foreign debt, Fiscal sustainability, Primary balanceJEL Clasbsification: E62, H63

Kazakhstan curbs oil output but eyes future growth

2021 ◽  
Keyword(s):  
Oil And Gas ◽  
Total Output ◽  
Tax Revenue ◽  
Content Type ◽  
Social Instability ◽  
Public Investments ◽  
Market Impacts ◽  
Oil Exports ◽  
Oil And Gas Sector ◽  
Future Growth

Significance The oil sector's contribution to GDP fell last year, but this was due only to the market impacts of the COVID-19 pandemic. Kazakhstan continues to depend heavily on oil exports for tax revenue and consequently for recurrent government spending and large public investments. Impacts Rising production at the Tengiz, Karachaganak and Kashagan fields will increase their share of total output from 63% in 2020 to 72% in 2025. The continued concentration of foreign investment in the oil and gas sector will thwart attempts at economic diversification. Slowing production at old deposits in western and southern Kazakhstan is fraught with risks of social instability and unrest.

Chapter IV. Industrial Production

1980 ◽  
Vol 91 ◽  
pp. 68-77
Keyword(s):  
Industrial Production ◽  
Oil And Gas ◽  
Personal Income ◽  
Fourth Quarter ◽  
The Third ◽  
High Level

Total industrial production (excluding output of oil and gas) and manufacturing production were almost unchanged in 1979 (table 1). This is rather below what might have been expected to accompany a revival of personal income which increased consumption by 4 per cent. The pattern of output through the year was strongly influenced by the weather, which reduced output in the first quarter, and by strikes by the lorry drivers in the first quarter and by engineering and car workers in the third. The fall in output in the first quarter was offset by a high level in the summer, but after the third quarter strikes the level in the fourth quarter recovered to only about ½ per cent above the end-1978 level.

Dropped Object Impact Analysis of Subsea Tree Frame

2014 ◽  
Author(s):  
Kumarswamy Karpanan ◽  
Craig Hamilton-Smith
Keyword(s):  
Impact Analysis ◽  
Oil And Gas ◽  
Terminal Velocity ◽  
Gas Production ◽  
Element Analysis ◽  
Oil And Gas Production ◽  
Operational Life ◽  
Critical Components ◽  
Electrical Components ◽  
The Impact

Subsea oil and gas production involves assemblies such as trees, manifolds, and pipelines that are installed on sea floor. Each of these components is exposed to severe working conditions throughout its operational life and is difficult and expensive to repair or retrieve installed. During installation and operation, a rig/platform and several supply vessels are stationed on the waterline directly above the well and installed equipment below. If any object is to be dropped overboard, it presents a hazard to the installed equipment. A subsea tree comprises of a number of critical components such as valves and hydraulic actuators, in addition to several electrical components such as the subsea control module and pressure/temperature gauges. Their ability to operate correctly is vital to the safe production of oil and gas. If an object were to impact and damage these components, resulting in their inability to operate as intended, the consequences could be severe. In this paper, a typical subsea tree frame is analyzed to ensure its ability to withstand the impact from an object accidentally dropped overboard. This was accomplished using nonlinear dynamic Finite Element Analysis (FEA). In this study, the framework was struck by a rigid body at terminal velocity, resulting in a given impact energy. Displacements and resultant strain values at critical locations were then compared to allowable limits to ensure compliance to the design requirements.

scholarly journals Estimating the Impact of Taxes on the Economic Growth in the United States

2017 ◽  
Vol 55 (4) ◽  
pp. 481-499 ◽  
Author(s):  
Branimir Kalaš ◽  
Vera Mirović ◽  
Jelena Andrašić
Keyword(s):  
Economic Growth ◽  
Social Security ◽  
Gross Domestic Product ◽  
Income Tax ◽  
Personal Income ◽  
Domestic Product ◽  
Tax Revenue ◽  
Personal Income Tax ◽  
Gross Domestic Product Growth ◽  
Social Security Contributions

AbstractIn a research paper, the authors provide an empirical approach to taxes and economic growth in the United States in the period 1996-2016. The basic goal is to explore how taxes affect economic growth. The subject of the research is measuring the effects of tax revenue growth and tax form as a personal income tax, corporate income tax and social security contributions on gross domestic product as a proxy for economic growth. Methodology framework includes several tests to clear the potential problem of heteroscedasticity, autocorrelation, multicollinearity and specification of the model. Based on diagnostic tests, a regression model is adequately created where fundamental econometric procedures are applied. Correlation matrix reflects a strong and positive relationship between tax revenue growth and corporate income tax on the one side and gross domestic product growth, on the another side. Also, personal income tax and social security contributions are weakly related to gross domestic product growth. The model shows a significant effect of tax revenue growth and social security contributions, while personal income tax and corporate income tax do not have a significant impact on gross domestic product growth. Interestingly, personal income tax as the main tax form in the tax structure of the United States has no significant impact on economic growth compared to social security contributions which percentage share is lesser.

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