Dividend Tax Policy Analysis: Comparative Studies In Indonesia, Philippines, Singapore, And Thailand

Febrianty  Safira; Muhammad  Rheza Ramadhan

Authors

Febrianty Safira Polytechnic of State Finance STAN
Muhammad Rheza Ramadhan Directorate General of Tax

Keywords:

income tax, ividends, investments, omnibus law

Abstract

The elimination of income tax on dividends in the Omnibus Law is a government move to increase Indonesia's attractiveness as an investment destination country. This study aims to analyze tax policies related to dividend income in Indonesia before and after the enactment of the Omnibus Law and analyze its comparison with countries with similar economic conditions in the Southeast Asian region, namely the Philippines, Singapore, and Thailand. The research method used in this study is qualitative with a descriptive purpose to describe tax policies related to dividend income and implemented with a literature review strategy and interviews. The results of this study show that when compared to the comparative country, tax policies related to dividend income in Indonesia after the enactment of the Omnibus Law have an excellent effect on investment growth in Indonesia due to the condition of reinvestment from dividend income. Investment turnover can also provide an additional tax base caused by the many forms of investment obtained from dividend income. In addition, this policy can support the creation of new jobs due to the increased productivity of a company due to acquisition.

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