Thin Capitalization Rules di Indonesia, Studi Kasus pada RS X

Abstract

The aim of this research is to analyze the impact on the implementation of Indonesian Thin Capitalization Rules to the capital structure in RS "X". This research is a case study on RS "X", a hospital located on Mataram, West Nusa Tenggara. The qualitative method is used to this study. This research use secondary data from financial statement and Income Tax sheet with analytical technics used descriptive qualitative. In addition, primary data collected by interviews to the key informant were also used in this study. The findings of this research founded RS "X" reported his financial statement in Debt to Equity ratio show 8:1. This number is greater than the standard that is stated in Indonesian debt to equity rule. This ratio causes that the loan expenses have to be corrected positively in income tax sheet. By doing this, the taxable income that's have to reported in 2018 is significantly increase. Most of the debt is caused by management, which have to take working-capital loans to the bank because the hospital lacks of funds to cover their operational costs for BPJS patients. To reduce the ratio the research find that company have to re-valuate the fixed assets so that it will add to the equity side, beside that the company should to carry out debt contracts to fund the needs of working capital with related parties, by then the debt will reclassified into shareholders' debt which according to the prevailing tax rules will be recognized as Equity.