The Effect Of Tax Planning, Tax Avoidance, Tax Aggressiveness, and Deferred Tax Expense on Firm Value
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Published
Mar 10, 2025
Abstract
This research aims to empirically examine the influence of tax planning, tax avoidance, tax aggressiveness, and deferred tax expense on firm value. The population used in this study comprises LQ-45 companies listed on the Indonesia Stock Exchange from 2019 to 2023. Using purposive sampling method, a sample of 18 companies was selected, with 90 company observations derived from financial reports. Data analysis was conducted using multiple linear regression analysis with SPSS 30 as the analytical tool. The research findings indicate that partially, tax planning, tax aggressiveness, and deferred tax expense have an impact on firm value. Meanwhile, tax avoidance does not have a significant influence on firm value. Furthermore, based on the F statistical test, tax planning, tax avoidance, tax aggressiveness, and deferred tax expense simultaneously have an influence on firm value.
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How to Cite
Mizvi, A., Abukosim and Meita Rahmawati (2025) “The Effect Of Tax Planning, Tax Avoidance, Tax Aggressiveness, and Deferred Tax Expense on Firm Value”, Ranah Research : Journal of Multidisciplinary Research and Development, 7(3), pp. 1433-1444. doi: 10.38035/rrj.v7i3.1371.
References
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Brigham, E. F., & Houston, J. F. (2019). Dasar-dasar manajemen keuangan. Buku 1 (14th ed.). Selemba Empat, 2019. https://lib.ui.ac.id/detail?id=20512931
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Caitlin, P., & Kezia, J. (2022). Pengaruh Tax Planning Terhadap Firm Value dengan Corporate Governance Sebagai Variabel Moderasi. 9(1).
CNBC. (2023). Beban Bengkak, Laba Indika Energy (Indy) Jeblok 55,21%. Mentari Puspadini.
Darmanah. (2019). Metodologi Penelitian. CV. Hira Tech.
Direktorat Jenderal Pajak. (2024). Statistik Penerimaan Pajak Tahun 2023 dalam Angka . http://stats.pajak.go.id/id/artikel/statistik-penerimaan-pajak-tahun-2023-dalam-angka
Ferry, I. (2020). The Effect of Tax Avoidance on Firm Value with Tax Risk as Moderating Variable. 83, 9696–9707.
Fuadah, L. L., & Kalsum, U. (2021). The Impact of Corporate Social Responsibility on Firm Value: The Role of Tax Aggressiveness in Indonesia. Journal of Asian Finance, Economics and Business, 8(3), 209–216. https://doi.org/10.13106/jafeb.2021.vol8.no3.0209
Ghozali, I. (2021). Aplikasi Analisis Multivariate dengan Program IBM SPSS 26 (10th ed.). Badan Penerbit Universitas Diponegoro.
Gurusinga, L. B., & Michelle, N. L. (2023). The Influence of Profitability, Liquidity and Tax Avoidance on Firm Value (Case Study in Stock Exchange Mining Sector Companies Indonesia Period 2019 - 2021). International Journal of Economics (IJEC), 2(2), 222–230. https://doi.org/10.55299/ijec.v2i2.471
Handayani, R., Fitria, G. N., & Indriyanto, E. (2020). EPRA International Journal of Research and Development (IJRD) The Effect Of Tax Planning And Deferred Tax Expense To Earnings Management. EPRA International Journal of Research and Development (IJRD), 5(6). https://doi.org/10.36713/epra2016
Harahap, S. A., & Prasetya, E. R. (2023). Pengaruh Perencanaan Pajak, Beban Pajak Tangguhan, dan Kualitas Laba Terhadap Nilai Perusahaan. Pjeb: Perwira Journal Of Economy & Business, 3(2). https://www.cnn.com/Yuliani,2013
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Ishlah, R. N., & Natsir, K. (2023). The Effect of Financial Performance, Tax Avoidance, and Investment Opportunity Set on Firm Value in The Agricultural Sector. International Journal of Application on Economics and Business (IJAEB), 1(1), 2987–1972. https://doi.org/10.24912/ijaeb.v1i1.674-684
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. In Journal of Financial Economics (Vol. 3). Q North-Holland Publishing Company.
Juliana, V., Murni, Y., & Astuti, S. B. (2023). The Impact Of Csr, Institutional Ownership, Tax Avoidance, And Leverage On Firm Value That Moderated By Profitability. Jurnal Pajak dan Keuangan Negara (PKN), 4, 512–520. https://doi.org/https://doi.org/10.31092/jpkn.v4i2.2034
Lukmana, F., & Widiyati, D. (2024). Pengaruh Beban Pajak Tangguhan, Perencanaan Pajak dan Modal Intelektual Terhadap Nilai Perusahaan. Jurnal Manajemen dan Ekonomi Bisnis, 4, 212–223. https://doi.org/https://doi.org/10.55606/cemerlang.v4i2
Muslim, A., & Junaidi, A. (2020). Pengaruh Perencanaan Pajak dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia. Business, Economics, 9(2), 1–20.
Oktavianna, R. (2021). Pengaruh Agresivitas Pajak dan Growth Opportunity Terhadap Nilai Perusahaan Dengan Corporate Social Responsibility Sebagai Moderasi. In Jurnal Akuntansi Keuangan dan BIsnis (Vol. 14, Issue 2). https://jurnal.pcr.ac.id/index.php/jakb/
Panggabean, K., & Ritonga, P. (2024). Pengaruh Tax Planning, Tax Avoidance dan Deferred Tax Burden Terhadap Firm Value Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. 8(1).
Prastiwi, D., & Walidah, A. N. (2020). Pengaruh agresivitas pajak terhadap nilai perusahaan: Efek moderasi transparansi dan kepemilikan institusional. Jurnal Ekonomi dan Bisnis, 23, 203–224.
Puspitaningrum, C., & Soetardjo, M. N. (2022). The Influence Of Tax Aggresiveness On Firm Value With Corporate Governance As A Moderating Variable.
Putri, A. R., & Efendi, D. (2022). Pengaruh Profitabilitas, Ukuran Perusahaan dan Leverage Terhadap Penghindaran Pajak (Tax Avoidance). Jurnal Ilmu dan Riset Akuntansi, 12.
Putri, D. M., Sari, D. P., & Yudha, A. M. (2022). Pengaruh Perencanaan Pajak, Aset Pajak Tangguhan, dan Beban Pajak Tangguhan terhadap Nilai Perusahaan“(Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia (BEI)2016-2020).” Jurnal Pendidikan Tambusai, 6, 8784–8791.
Rajab, R. A., Taqiyyah, A. N., Fitriyani, F., & Amalia, K. (2022). Pengaruh tax planning, tax avoidance, dan manajemen laba terhadap nilai perusahaan. JPPI (Jurnal Penelitian Pendidikan Indonesia), 8(2), 472. https://doi.org/10.29210/020221518
Safitri, N., & Safii, M. (2022). Pengaruh Beban Pajak Tangguhan, Perencanaan Pajak, dan Kebijakan Dividen Terhadap Nilai Perusahaan. Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside, 2(2), 280–292. https://doi.org/10.53363/yud.v2i2.41
Saila, N., & Agustina, H. (2023). The impact of tax planning, profitability, liquidity and sales growth on firm value in the company infrastructure sector 2018-2022. Enrichment: Journal of Management, 13(3).
Sari, N. D. K., & Sulastri. (2021). The Political Connection and Tax Aggressiveness Impact to Firm Values of Indonesian Mining Sector 2016-2018. Maret, 26(1), 2528–0503. https://doi.org/10.17977/um042v26i1p1-12
Sari, S. W. H. P., Layli, M., Marsuking, Wibisono, D., Wibowo, A., Maula, D. I., Harahap, R. S., Firmansyah, & Hasbi, M. Z. N. (2022). Pengaruh Profitabilitas, Likuiditas, Leverage, Kebijakan Dividen dan Ukuran Perusahaan terhadap Nilai Perusahaan pada Perusahaan Terdaftar di Jakarta Islamic Index (JII) periode 2019- 2021. Jurnal Ekonomi Syariah Indonesia, XII(2), 123–130. https://doi.org/http://dx.doi.org/10.21927/jesi.2022.12(2).123-130
Siregar, M., & Azzahra, K. (2022). The Effect Of Corporate Social Responsibility, Company Size And Capital Intensity On Tax Avoidance (Empirical Study On Property And Real Estate Building Construction Sector Companies Listed On The Indonesia Stock Exchange In 2015-2020). Journal Of Management, Accounting, General Finance And International Economic Issues , 1(4). Https://Ojs.Transpublika.Com/Index.Php/Marginal/
Vianna, V., & Yusnaini. (2022). Pengaruh Perencanaan Pajak, Beban Pajak Tangguhan dan Struktur Modal Terhadap Nilai Perusahaan Pada Perusahaan Sektor Perkebunan yang Terdaftar di Bei Periode 2017-2021. Jurnal Ilmiah MEA (Manajemen ,Ekonomi, dan Akuntansi), 6.
Yulianti, V., Purba, J., & Ningrum, W. A. (2023). Tax Planning and Avoidance on Firm Value. East Asian Journal of Multidisciplinary Research, 2(9), 3753–3764. https://doi.org/10.55927/eajmr.v2i9.5834.
Badan Pusat Statistik. (2024). Realisasi Pendapatan Negara (Milyar Rupiah), 2022-2024. https://www.bps.go.id/id/statistics-table/2/MTA3MCMy/realisasi-pendapatan-negara.html
Brigham, E. F., & Houston, J. F. (2019). Dasar-dasar manajemen keuangan. Buku 1 (14th ed.). Selemba Empat, 2019. https://lib.ui.ac.id/detail?id=20512931
Bursa Efek Indonesia. (2023). Laporan Keuangan & Tahunan.
Caitlin, P., & Kezia, J. (2022). Pengaruh Tax Planning Terhadap Firm Value dengan Corporate Governance Sebagai Variabel Moderasi. 9(1).
CNBC. (2023). Beban Bengkak, Laba Indika Energy (Indy) Jeblok 55,21%. Mentari Puspadini.
Darmanah. (2019). Metodologi Penelitian. CV. Hira Tech.
Direktorat Jenderal Pajak. (2024). Statistik Penerimaan Pajak Tahun 2023 dalam Angka . http://stats.pajak.go.id/id/artikel/statistik-penerimaan-pajak-tahun-2023-dalam-angka
Ferry, I. (2020). The Effect of Tax Avoidance on Firm Value with Tax Risk as Moderating Variable. 83, 9696–9707.
Fuadah, L. L., & Kalsum, U. (2021). The Impact of Corporate Social Responsibility on Firm Value: The Role of Tax Aggressiveness in Indonesia. Journal of Asian Finance, Economics and Business, 8(3), 209–216. https://doi.org/10.13106/jafeb.2021.vol8.no3.0209
Ghozali, I. (2021). Aplikasi Analisis Multivariate dengan Program IBM SPSS 26 (10th ed.). Badan Penerbit Universitas Diponegoro.
Gurusinga, L. B., & Michelle, N. L. (2023). The Influence of Profitability, Liquidity and Tax Avoidance on Firm Value (Case Study in Stock Exchange Mining Sector Companies Indonesia Period 2019 - 2021). International Journal of Economics (IJEC), 2(2), 222–230. https://doi.org/10.55299/ijec.v2i2.471
Handayani, R., Fitria, G. N., & Indriyanto, E. (2020). EPRA International Journal of Research and Development (IJRD) The Effect Of Tax Planning And Deferred Tax Expense To Earnings Management. EPRA International Journal of Research and Development (IJRD), 5(6). https://doi.org/10.36713/epra2016
Harahap, S. A., & Prasetya, E. R. (2023). Pengaruh Perencanaan Pajak, Beban Pajak Tangguhan, dan Kualitas Laba Terhadap Nilai Perusahaan. Pjeb: Perwira Journal Of Economy & Business, 3(2). https://www.cnn.com/Yuliani,2013
Intan, A. B., Kalbuana, N., & Cahyadi, C. I. (2021). Pengaruh Ukuran Perusahaan, Kebijakan Hutang, Profitabilitas Terhadap Nilai Perusahaan (Studi Kasus Perusahaan Properti yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2020). In Jurnal Riset Akuntansi Politala (Vol. 4, Issue 2). http://jra.politala.ac.id/index.php/JRA/index
Irwana, I., & Sutrisno. (2023). The Effect of Intellectual Capital, Tax Avoidance and Leverage on Firm Value and Profitability. International Journal of Economics, Business and Management Research, 07(03), 01–12. https://doi.org/10.51505/ijebmr.2023.7301
Ishlah, R. N., & Natsir, K. (2023). The Effect of Financial Performance, Tax Avoidance, and Investment Opportunity Set on Firm Value in The Agricultural Sector. International Journal of Application on Economics and Business (IJAEB), 1(1), 2987–1972. https://doi.org/10.24912/ijaeb.v1i1.674-684
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. In Journal of Financial Economics (Vol. 3). Q North-Holland Publishing Company.
Juliana, V., Murni, Y., & Astuti, S. B. (2023). The Impact Of Csr, Institutional Ownership, Tax Avoidance, And Leverage On Firm Value That Moderated By Profitability. Jurnal Pajak dan Keuangan Negara (PKN), 4, 512–520. https://doi.org/https://doi.org/10.31092/jpkn.v4i2.2034
Lukmana, F., & Widiyati, D. (2024). Pengaruh Beban Pajak Tangguhan, Perencanaan Pajak dan Modal Intelektual Terhadap Nilai Perusahaan. Jurnal Manajemen dan Ekonomi Bisnis, 4, 212–223. https://doi.org/https://doi.org/10.55606/cemerlang.v4i2
Muslim, A., & Junaidi, A. (2020). Pengaruh Perencanaan Pajak dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia. Business, Economics, 9(2), 1–20.
Oktavianna, R. (2021). Pengaruh Agresivitas Pajak dan Growth Opportunity Terhadap Nilai Perusahaan Dengan Corporate Social Responsibility Sebagai Moderasi. In Jurnal Akuntansi Keuangan dan BIsnis (Vol. 14, Issue 2). https://jurnal.pcr.ac.id/index.php/jakb/
Panggabean, K., & Ritonga, P. (2024). Pengaruh Tax Planning, Tax Avoidance dan Deferred Tax Burden Terhadap Firm Value Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia. 8(1).
Prastiwi, D., & Walidah, A. N. (2020). Pengaruh agresivitas pajak terhadap nilai perusahaan: Efek moderasi transparansi dan kepemilikan institusional. Jurnal Ekonomi dan Bisnis, 23, 203–224.
Puspitaningrum, C., & Soetardjo, M. N. (2022). The Influence Of Tax Aggresiveness On Firm Value With Corporate Governance As A Moderating Variable.
Putri, A. R., & Efendi, D. (2022). Pengaruh Profitabilitas, Ukuran Perusahaan dan Leverage Terhadap Penghindaran Pajak (Tax Avoidance). Jurnal Ilmu dan Riset Akuntansi, 12.
Putri, D. M., Sari, D. P., & Yudha, A. M. (2022). Pengaruh Perencanaan Pajak, Aset Pajak Tangguhan, dan Beban Pajak Tangguhan terhadap Nilai Perusahaan“(Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia (BEI)2016-2020).” Jurnal Pendidikan Tambusai, 6, 8784–8791.
Rajab, R. A., Taqiyyah, A. N., Fitriyani, F., & Amalia, K. (2022). Pengaruh tax planning, tax avoidance, dan manajemen laba terhadap nilai perusahaan. JPPI (Jurnal Penelitian Pendidikan Indonesia), 8(2), 472. https://doi.org/10.29210/020221518
Safitri, N., & Safii, M. (2022). Pengaruh Beban Pajak Tangguhan, Perencanaan Pajak, dan Kebijakan Dividen Terhadap Nilai Perusahaan. Yudishtira Journal : Indonesian Journal of Finance and Strategy Inside, 2(2), 280–292. https://doi.org/10.53363/yud.v2i2.41
Saila, N., & Agustina, H. (2023). The impact of tax planning, profitability, liquidity and sales growth on firm value in the company infrastructure sector 2018-2022. Enrichment: Journal of Management, 13(3).
Sari, N. D. K., & Sulastri. (2021). The Political Connection and Tax Aggressiveness Impact to Firm Values of Indonesian Mining Sector 2016-2018. Maret, 26(1), 2528–0503. https://doi.org/10.17977/um042v26i1p1-12
Sari, S. W. H. P., Layli, M., Marsuking, Wibisono, D., Wibowo, A., Maula, D. I., Harahap, R. S., Firmansyah, & Hasbi, M. Z. N. (2022). Pengaruh Profitabilitas, Likuiditas, Leverage, Kebijakan Dividen dan Ukuran Perusahaan terhadap Nilai Perusahaan pada Perusahaan Terdaftar di Jakarta Islamic Index (JII) periode 2019- 2021. Jurnal Ekonomi Syariah Indonesia, XII(2), 123–130. https://doi.org/http://dx.doi.org/10.21927/jesi.2022.12(2).123-130
Siregar, M., & Azzahra, K. (2022). The Effect Of Corporate Social Responsibility, Company Size And Capital Intensity On Tax Avoidance (Empirical Study On Property And Real Estate Building Construction Sector Companies Listed On The Indonesia Stock Exchange In 2015-2020). Journal Of Management, Accounting, General Finance And International Economic Issues , 1(4). Https://Ojs.Transpublika.Com/Index.Php/Marginal/
Vianna, V., & Yusnaini. (2022). Pengaruh Perencanaan Pajak, Beban Pajak Tangguhan dan Struktur Modal Terhadap Nilai Perusahaan Pada Perusahaan Sektor Perkebunan yang Terdaftar di Bei Periode 2017-2021. Jurnal Ilmiah MEA (Manajemen ,Ekonomi, dan Akuntansi), 6.
Yulianti, V., Purba, J., & Ningrum, W. A. (2023). Tax Planning and Avoidance on Firm Value. East Asian Journal of Multidisciplinary Research, 2(9), 3753–3764. https://doi.org/10.55927/eajmr.v2i9.5834.