IMPLEMENTATION OF PSAK46 IN PT GH EMM INDONESIA (CASE STUDY)

Abstract

The purpose of the research is to acknowledge results of the application of accounting treatment for income tax according to PSAK 46 and the impacts in the financial statement. According to PSAK 46 it is compulsory for all companies to realize the tax consequences in the future. The temporary differences are caused by the differences between commercial book value and fiscal book value that can cause deductible temporary differences or taxable temporary differences in the future. The kind of research that was done was a descriptive research with case study research design. This research with the application of PSAK46 showed the appearance of deferred tax expense on income statement as much as Rp 424, 705, 000 in 2009 and Rp 676, 424,000 in 2010. Meanwhile on balance sheet showed the deferred tax liability for 2009 is Rp 424, 705,000 and Rp 676,424,000 for 2010. After the application of PSAK 46, the loss for 2009 from Rp 69,055,150,000 to Rp 69,479,845,000, and from Rp 31,645,117,000 to Rp 32,321,541,000 for 2010.In a word, the losses to be deductible in the future increasing. The researcher recommends that temporary differences that occur due to tax consequences in the future should be revealed in the balance sheet in the form of deferred tax assets (liabilities) and permanent difference due to deductible or non-deductible administration expense should be revealed in the income statement in the form of income tax expense (benefits).