Article Sidebar

Implementation of Murabahah Financing Transactions at Islamic Commercial Banks After the Abolition of Value-Added Tax
Submitted
September 30, 2022
Accepted
November 23, 2022
Published
December 24, 2022
Download
PDF
Statistic
Read Counter : 778 Download : 420

Main Article Content

Abstract

The characteristics of Islamic banking that distinguish it from conventional banking are the basis of transactions associated with the real sector. This study aims to analyze the differences in murabahah financing transactions in Islamic commercial banks after the abolition of value-added tax. The population in this study was all Islamic commercial banks in Indonesia, with 14 samples using the saturated sample technique. This type of research data is secondary data obtained from Islamic banking performance reports on the official website of the Financial Services Authority. This research is a quantitative study with analysis using a paired-sample t-test utilizing IBM® SPSS® Statistics. The results showed differences in murabahah financing transactions after the abolition of value-added tax.  The hypothesis is supported with a t-statistical value of 14,213 Sig. 0.000. It can be concluded that it is empirically proven that there are significant differences in murabahah financing transactions after the elimination of value-added tax. These results can be positive input for Islamic commercial banks to increase murabahah financing transactions after the abolition of value-added tax.

Keywords

Islamic Commercial Banks Murabahah Financing Value-Added Tax Efficiency

Article Details

License

Copyright (c) 2022 Iwan Setiawan, Ahmad Mudzakir, Nurhaeti, Gina Sakinah, Ade Ponirah

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
How to Cite
Setiawan, I. ., Ahmad Mudzakir, Nurhaeti, Gina Sakinah, & Ponirah, A. . (2022). Implementation of Murabahah Financing Transactions at Islamic Commercial Banks After the Abolition of Value-Added Tax. Journal of Islamic Economics Lariba, 8(2), 295–310. https://doi.org/10.20885/jielariba.vol8.iss2.art3
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX
Crossref
Scopus
Google Scholar
Europe PMC

References

  1. Anggoro, R., & Yumna, A. (2021). Financing structure and bankruptcy risk in sharia commercial banks in Indonesia. Financial Management Studies, 1(2), 59–71. https://doi.org/10.24036/jkmk.v1i2.13
  2. Azis, A., Muslim, B., & Hidayah, N. (2021). Pembiayaan murabahah dalam sistem transaksi jual beli menurut fatwa DSN MUI dan KHES, atau UU PPn [Murabahah financing in the sale and purchase transaction system according to the fatwas of the DSN MUI and KHES fatwas, or UU PPn]. Istinbath, 20(1), 21–43. https://www.istinbath.or.id/index.php/ijhi/article/view/319
  3. Batubara, Z. (2015). Penetapan harga jual beli dalam akad murabahah pada bank syariah [Determination of buying and selling prices in murabaha contracts in Islamic banks]. IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita, 4(2), 163–176. https://ejournal.stiesyariahbengkalis.ac.id/index.php/iqtishaduna/article/view/71
  4. Cebeci, I. (2012). Integrating the social maslaha into Islamic finance. Accounting Reserach Journal, 25(3), 166–184. https://doi.org/doi:10.1108/10309611211290158
  5. Darmayanti, N. (2012). Analisis perhitungan pajak pertambahan nilai (PPn) pada CV. Sarana Teknik Kontrol Surabaya [Analysis of value added tax (VAT) calculations on CV. Surabaya Control Engineering Facility]. Jurnal Manajemen dan Akuntansi, 1(3), 29–44. http://publishing-widyagama.ac.id/ejournal-v2/index.php/jma/article/view/279
  6. Desai, M. A. & Hines, J. R. Jr. (2005). Value added taxes and international trade: The evidence. Harvard Business School. https://www.hbs.edu/faculty/Pages/item.aspx?num=13855
  7. Erlindawati. (2017). Prinsip manajemen pembiayaan syariah [Principles of sharia financing management]. IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita, 6(1), 82–97. https://ejournal.stiesyariahbengkalis.ac.id/index.php/iqtishaduna/article/view/96
  8. Geruh, M. R. (2013). Penerapan akuntansi terhadap pajak pertambahan nilai pada pengusaha kena pajak [Application of accounting for value added tax in taxable entrepreneurs]. Jurnal EMBA : Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 1(3), 1–9. https://doi.org/10.35794/emba.1.3.2013.1367
  9. Hakim, C. M. (1999). Problem pengembangan produk dalam bank syariah [Product development problems in Islamic banks]. Buletin Ekonomi Moneter dan Perbankan, 2(3), 9–21. https://doi.org/10.21098/bemp.v2i3.272
  10. Hulwati. (2016). Ekonomi Islam [Islamic economics]. Ciputat Press Group.
  11. Ilyas, R. (2015). Konsep pembiayaan dalam perbankan syari’ah [The concept of financing in Islamic banking]. Jurnal Penelitian, 9(1), 184–2014. https://doi.org/10.21043/jupe.v9i1.859
  12. Iroth, S., Ilat, V., & Wokas, H. (2017). Analisis perhitungan dan pelaporan pajak pertambahan nilai pada PT. BKSS di Manado [Analysis of calculation and reporting of value added tax at PT. BKSS in Manado]. Jurnal EMBA : Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 5(2), 1142–1151. https://ejournal.unsrat.ac.id/index.php/emba/article/view/16086
  13. Keen, M., & Lockwood, B. (2010). The value added tax: Its causes and consequences. Journal of Development Economics, 92(2), 0–151. https://doi.org/10.1016/j.jdeveco.2009.01.012
  14. Abdul-Khaliq, S. (2014). Comparison study of Murabaha and Istisnaa in Islamic banking in Jordan. Journal of Contemporary Research in Business, 5(9), 603–612. https://www.zuj.edu.jo/wp-content/staff-research/economic/dr.Thikraiat-Soufan/4.pdf
  15. Laksamana, Y. (2009). Panduan praktis account officer bank syariah [Practical guide to Islamic bank account officers]. Elex Media Komputindo.
  16. Lathif, A. (2009). Analisis yuridis pengenaan pajak pertambahan nilai (PPn) dalam pembiayaan murabahah di perbankan syariah [Juridical analysis of the imposition of value added tax (VAT) in murabaha financing in Islamic banking]. Dialog, 32(1), 52–68. https://doi.org/10.47655/dialog.v32i1.125
  17. Lim, S. A. (2015). Pengenaan pajak pertambahan nilai terhadap jasa intermediasi keuangan perbankan di Indonesia [Imposition of value added tax on banking financial intermediation services in Indonesia]. Jurnal Bisnis Perspektif, 7(2), 119–143. https://doi.org/10.37477/bip.v7i2.84
  18. Mardiasmo. (2009). Perpajakan (Edisi revisi 2009) [Taxation (Revised 2009 edition)]. Penerbit Andi.
  19. Maruta, H. (2016). Akad mudharabah, musyarakah, dan murabahah serta aplikasinya dalam masyarakat [Mudharabah, musyarakah, and murabahah contracts and their applications in society]. IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita, 5(2), 80–106. https://ejournal.stiesyariahbengkalis.ac.id/index.php/iqtishaduna/article/view/81
  20. Mawarni, R., Sari, T. K., & Duwi, A. (2021). Analisis variabel pengaruh penerimaan PPn dan PPnBM [Analysis of the variables influencing PPn and PPnBM revenues]. Jurnal Mahasiswa Akuntansi Unita, 1(2), 23–40. https://doi.org/10.36563/jamanta_unita.v1i2.475
  21. Morasa, J., & Anggraini, M. (2016). Analisis penerapan pajak pertambahan nilai atas produk pembiayaan murabahah pada PT. Bank Muamalat [Analysis of the application of value added tax on murabaha financing products at PT. Muamalat Bank]. Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 4(1), 791–798. https://doi.org/DOI: https://doi.org/10.35794/emba.4.1.2016.11805
  22. Naharto, M. J., & Tjondro, E. (2014). Analisis tujuan pemungutan serta pengertian penghasilan menurut perpajakan dan persepuluhan bagi wajib pajak orang pribadi [Analysis of collection purposes and understanding of income according to taxation and tithing for individual taxpayers]. Tax & Accounting Review, 4(1), 1–14. https://publication.petra.ac.id/index.php/akuntansi-pajak/article/view/3100
  23. OJK. (2022). Sejarah perbankan syariah [History of Islamic banking]. Otoritas Jasa Keuangan. https://www.ojk.go.id/id/kanal/syariah/tentang-syariah/pages/sejarah-perbankan-syariah.aspx
  24. Prihantono. (2018). Akad murâbahah dan permasalahannya dalam penerapan di lembaga keuangan syariah [Murabahah contracts and their problems in implementation in Islamic financial institutions]. Al-Maslahah, 14(2), 219–236. https://doi.org/10.24260/al-maslahah.v14i2.1195
  25. Resmi, S. (2008). Perpajakan teori dan kasus (Edisi 4) [Taxation theory and cases (4th Edition)]. Salemba Empat.
  26. Setiawan, R. A. (2015). Implementasi pajak pertambahan nilai (PPN) pada hasil pertanian dalam perspektif Islam [Implementation of value added tax (VAT) on agricultural products in an Islamic perspective]. Mizani, 9(1), 1–11. http://dx.doi.org/10.29300/mzn.v2i1.67
  27. Shoimah, S. N., Susanti, D. O., & Tektona, R. I. (2020). Karakteristik akad mudharabah pada transaksi penyimpanan dana nasabah di bank syariah [Characteristics of mudharabah contracts in customer deposit transactions at Islamic banks]. Risalah Hukum, 16(1), 1–15. https://doi.org/10.30872/risalah.v16i1.220
  28. Sinaga, N. A. (2017). Reformasi pajak dalam rangka meningkatkan pendapatan negara [Tax reform in order to increase state revenue]. Jurnal Ilmiah Hukum Dirgantara, 8(1), 1–19. https://doi.org/10.35968/jh.v8i1.136
  29. Suandy, E. (2006). Perpajakan (Edisi kedua) [Taxation (Second Edition)]. Salemba Empat.
  30. Sudarto, A. (2020). Penyelesaian pembiayaan bermasalah pada lembaga keuangan syariah: Studi BMT Al Hasanah Lampung Timur [Settlement of problematic financing in Islamic financial institutions: Study of BMT Al Hasanah, East Lampung]. Islamic Banking, 5(2), 99–116. https://doi.org/10.36908/isbank.v5i2.118
  31. Surahman, M., & Ilahi, F. (2017). Konsep pajak dalam hukum Islam [The concept of tax in Islamic law]. Amwaluna, 1(2), 166–177. https://doi.org/10.29313/amwaluna.v1i2.2538
  32. Untung, S. (2010). Pokok-pokok pajak pertambahan nilai Indonesia [Indonesian Value Added Tax Principles]. PT. Raja Grafindo Persada.
  33. Utami, Y., & Mubarok, A. (2014). Analisis kinerja pembiayaan murabahah pada perbankan syariah pasca berlakunya undang-undang “penghapusan pajak berganda” [Analysis of the performance of murabaha financing in Islamic banking after the enactment of the "abolition of double taxation" law]. Permana, 5(2), 57–72. http://e-journal.upstegal.ac.id/index.php/per/article/view/368
  34. Wandayanik, R. (2015). Implementasi manajemen risiko pembiayaan murabahah di Bank BNI Syariah Kantor Cabang Pembantu Mojokerto [Implementation of murabahah financing risk management at Bank BNI Syariah Mojokerto Sub-Branch Office]. El-Qist : Journal of Islamic Economics and Business (JIEB), 5(1), 963–979. https://doi.org/10.15642/elqist.2015.5.1.963-979
  35. Winarti, & Rinardi, H. (2020). Paket kebijakan deregulasi 27 Oktober 1988 (Pakto 1988): Pengaruhnya terhadap liberalisasi perbankan Indonesia periode 1988-1993 [Deregulation policy package 27 October 1988 (Pakto 1988): Its influence on Indonesian banking liberalization period 1988-1993]. Histografi, 1(1), 29–37. https://ejournal3.undip.ac.id/index.php/historiografi/article/view/27806/
  36. Wiroso. (2010). Akuntansi transaksi syariah [Sharia transaction accounting]. IAI.
  37. Yuliana, R., & Herawati, N. (2014). Dampak penghapusan pajak pertambahan nilai pada pembiayaan murabahah terhadap kinerja keuangan bank syariah [The impact of the elimination of value added tax on murabaha financing on the financial performance of Islamic banks]. Jurnal InFestasi, 10(2), 88–102. https://doi.org/10.21107/infestasi.v10i2.528
  38. Yunia, V. D. (2018). Tinjauan penerapan PPn atas pembiayaan murabahah pada KSPPS Bondho Ben Tumoto Semarang [Review of the application of VAT on murabahah financing at KSPPS Bondho Ben Tumoto Semarang]. Jurnal Rekomen, 2(1), 55–78. http://dx.doi.org/10.31002/rn.v2i1.965
  39. Zeqiraj, V., & Nimani, A. (2015). Taxes and their effects on business environment. Academic Journal of Interdisciplinary Studies, 4(1), 91–96. https://doi.org/Doi:10.5901/ajis.2015.v4n1p91