Research Article
The Role of Tax Incentives in Facing the Economic Downturn Amid the Covid 19 Pandemic
@INPROCEEDINGS{10.4108/eai.18-11-2020.2311702, author={Dyah Adriantini Sinta Dewi and Habib Muhsin Syafingi and Dilli Trisna Noviasari}, title={The Role of Tax Incentives in Facing the Economic Downturn Amid the Covid 19 Pandemic}, proceedings={Proceedings of the 2nd Borobudur International Symposium on Humanities and Social Sciences, BIS-HSS 2020, 18 November 2020, Magelang, Central Java, Indonesia}, publisher={EAI}, proceedings_a={BIS-HSS}, year={2021}, month={9}, keywords={economy covid-19 tax incentives}, doi={10.4108/eai.18-11-2020.2311702} }- Dyah Adriantini Sinta Dewi
Habib Muhsin Syafingi
Dilli Trisna Noviasari
Year: 2021
The Role of Tax Incentives in Facing the Economic Downturn Amid the Covid 19 Pandemic
BIS-HSS
EAI
DOI: 10.4108/eai.18-11-2020.2311702
Abstract
The Covid-19 pandemic has weakened the national economic sector. Not only Indonesia, the weakness in this sector was also felt by other countries. The government has returned to designing a strategy so that the economic recovery can run quickly. This is evidenced by data from BPS which records that household consumption fell from 5.02 percent in the first quarter of 2019 to 2.84 percent in the first quarter of this year. The second impact, namely the pandemic, causes prolonged uncertainty so that investment also weakens and has implications for the cessation of business. The third impact is that the entire world is experiencing a weakening economy, causing commodity prices to fall and Indonesian exports to several countries to stop. Tax incentives are one of the policy steps that the Therefore, this tax incentive regulation needs to be reviewed in terms of optimizing the empowerment of the business sector so that they can survive during the Covid 19 pandemic as it is today. To achieve this objective, this study uses an exploratory approach. With a qualitative exploratory method, this research produces analytical exploratory data. Activities in analyzing this include reducing the data obtained by looking at the concept and development of the application of tax incentives given to entrepreneurs in the midst of the Covid 19 pandemic and then comparing the benefits for entrepreneurs in maintaining their businesses in order to survive.
