PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN LEVERAGE TERHADAP MANAJEMEN PAJAK PADA PERUSAHAAN PROPERTI & REAL ESTATE

Nathalia Suandi; Theresia Hesti Bwarleling

doi:10.31539/sy9ms083

Authors

Nathalia Suandi Universitas Bunda Mulia
Theresia Hesti Bwarleling Universitas Bunda Mulia,

DOI:

https://doi.org/10.31539/sy9ms083

Keywords:

Manajemen Pajak, Struktur Modal, Profitabilitas, Leverage

Abstract

The primary objective of this study is to examine the impact of capital structure, profitability, and leverage on tax management, specifically among companies listed on the Indonesia Stock Exchange (IDX) in the property and real estate sector for the period 2021–2024. The property sector’s contribution to state revenue is highly strategic for the national economy; however, it also faces significant tax complexities, prompting companies to optimize tax management to enhance tax efficiency and compliance. As reflected in the criminal tax case of PT Bhakti Agung Propertindo Tbk, which caused billions of rupiah in losses to the state. The research approach is a quantitative associative analysis of secondary data, namely financial statements for each period. There are 10 companies in the sample, selected using purposive sampling, yielding 40 observations. Data processing was conducted using SPSS version 25 with multiple linear regression analysis. One measure of tax management is the Effective Tax Rate (ETR), while capital structure is measured by the Debt-to-Equity Ratio (DER), profitability by Return on Assets (ROA), and leverage by the Debt-to-Asset Ratio (DAR). Partial testing found that capital structure has a significant negative effect on tax management, while profitability and leverage each have a significant positive effect. Furthermore, collectively, the three independent variables significantly influence tax management. Based on The coefficient of determination indicates that 30,6% of the variation in tax management can be explained by capital structure, profitability, and leverage, while the remaining 69,4% is influenced by other factors outside the scope of this study that may affect tax management. These findings suggest that companies with high debt financing tend to have a low effective tax burden, while increased profits and reliance on debt-financed assets actually lead to a higher effective tax rate.

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