THE EFFECT OF CHANGES IN VALUE-ADDED TAX RATES (VAT) AND COST OF GOODS SOLD (COGS) ON SALES TURNOVER AT PT. VCS

Maranatha Kezya Beauty Caesaria  Asah; Tituk Diah  Widajantie

doi:10.53067/ije3.v4i1.235

Authors

Maranatha Kezya Beauty Caesaria Asah Universitas Pembangunan Nasional “Veteran” Jawa Timur
Tituk Diah Widajantie Universitas Pembangunan Nasional “Veteran” Jawa Timur

DOI:

https://doi.org/10.53067/ije3.v4i1.235

Keywords:

Freight Forwarding Services, Sales Revenue, Cost of Goods Sold (COGS), Value Added Tax (VAT) Rate

Abstract

The increase in Value Added Tax (VAT) rates and the rise in Cost of Goods Sold (COGS) significantly impact the business strategy and profitability of the company. The research aims to examine the impact of the increase in VAT rate and changes in the Cost of Goods Sold on PT's business strategy and profitability. VCS. The method used is quantitative research using PT's sales data. VCS from 2018 to 2022, as the population was selected through a purposive sampling method. Data analysis was conducted using SPSS version 27. The research findings indicate that the increase in the value-added tax rate significantly impacts PT's sales revenue. VCS, while the increase in Cost of Goods Sold does not considerably affect the company's Sales Revenue

Downloads

Download data is not yet available.

References

Amaliyah, S., Setiadi, D., & Anwar, S. (2021). The Effect of Cost of Goods Sold on Gross Profit through Sales. Investment Journal, 7(4), 33–49. https://doi.org/10.31943/investasi.v7i4.152

Anggraini, VA (2022). Analysis of Determining Costs of Goods Production in the Istana Jati Furniture Business in Pekalongan, East Lampung [Muhammadiyah Metro University]. http://eprints.ummetro.ac.id/id/eprint/1654

Desideria, E., & Ngadiman. (2019). Factors that Influence Tax Revenue from Corporate Taxpayers in 2016-2017. Journal of Accounting Paradigms, 1(2), 355–363. https://doi.org/https://doi.org/10.24912/jpa.v1i2.5003

Gunawan, FP, & Sofiani, V. (2023). The Effect of Increases in Value Added Tax (VAT) Rates and Raw Material Costs on Sales Turnover at PT Buana Raya Lestari. UBS Journal of Economics and Business, 12(5), 2706–2721. https://doi.org/10.52644/joeb.v12i5.469

Gunawan, U. (2021). The Influence of Revenue and Cost of Goods Sold on Gross Profit at PT. Agra Pura Bahari Megapolitan Sukabumi. Journal of Social Sciences and Education (JISIP), 5(4), 921–929. http://dx.doi.org/10.58258/jisip.v5i4.2363

Herman. (2022). The Effect of Cost of Goods Sold on Profit After Tax. Journal of Economics and Business, 1(2), 33–38. https://doi.org/10.57151/jeko.v1i2.60

Minister of Finance of the Republic of Indonesia. (2022). Regulation of the Minister of Finance of the Republic of Indonesia Number 71/PMK.03/2022 concerning Value Added Tax on the Delivery of Certain Taxable Services.

Indonesian government. (2021). Law (UU) Number 7 of 2021 concerning Harmonization of Tax Regulations.

Putri, VG, & Subandoro, A. (2022). Analysis of the Effect of an 11% VAT Rate Increase on Sales at PT X. Journal of Revenue Accounting Journal, 3(1), 54–58. https://doi.org/10.46306/rev.v3i1.95

Silaen, M., & Singgih, RP (2022). Analysis of the Application of Value Added Tax on Export Import Transactions for Freight Forwarding Services at PT. IFB Indonesia 2021. Journal of Public Administration Science, 2(4).https://doi.org/10.31334/jiap.v2i4.2942.g1380

Sugiyono (2021). Quantitative, qualitative, and R&D research methods. Bandung. Publishing: Alphabeta