EASE OF ONLINE LOANS AND CORPORATE INCOME TAX, IT WOULD BE INCREASING THE INDONESIAN ECONOMIC?

Dewi Mahrani Rangkuty; Uswatun Hasanah; Hastina Febriaty;

Abstract

The 4.0 Industrial revolution has created innovations in the field of payment systems and digital-based online loans/credit in fulfilling the economic needs of Indonesian society such as on application smartphone innovation. It is called the Financial Technology (Fintech) companies amounting to 127 companies with business license status and registered as of August 07, 2019 at the Otoritas Jasa Keuangan (OJK). This Fintech company focuses on payment systems and loans/credits online. This facility is very helpful to Indonesian people in fulfilling the daily economic needs. Fintech companies benefit from its operational activities. Therefore, this is related to the corporate income tax, a Fintech company is obliged to report its operation and pay the corporate income tax of each country set period. Fintech has contributed to the country. The income tax by Fintech adds the State treasury and supports the addition of capital in the domestic infrastructure development of the government expenditure/spending post. The tax of Fintech can support Indonesia's infrastructure development and could be built has a multiplier effect such as the use of full resources, investors will be coming also foreign exchange reserves to the country so that it has an impact on increasing economic growth and welfare of the people in Indonesia.