Juridical View of Indonesia Tax Law Pertaining to Financial Technology Based Peer-To-Peer Lending

DOI

10.2991/978-2-38476-356-6_23How to use a DOI?

Keywords

Fintech; Peer to Peer Lending; Tax Avoidance; Tax Evasion

Abstract

Peer-to-peer (P2P) lending is a technological innovation that facilitates quick and simple financial transaction services for those who have never used or tried banking services. By applying for loans to P2P Lending business organizations, which link borrowers with investors online, one can lend funds to people or companies, and vice versa. P2P lending or information technology-based lending are popular terms used to describe this practice. The issue is that a list of P2P lenders without authorization has been released by the OJK, and the majority of these lenders have complied with legal criteria as businesses but have not registered with the OJK. Because P2P Lending business entities do not register as Fintech P2P Lending business entities with the OJK, it is possible that the owners of these entities are deliberately hiding income by failing to report additional income, leading to tax resistance in the form of tax evasion. include tax items in the SPT (Annual Tax Return). A normative juridical research approach is what this one uses. The study’s findings indicated that legal constraints, exemplified by the lack of technical regulations that specifically govern taxation of Fintech P2P lending companies and contain provisions pertaining to subject, object, tax rates, and collection mechanisms that complicate matters for the tax authorities, were the reason behind tax resistance in the form of tax evasion. in the Fintech industry’s tax collection, which P2P lending firm owners ultimately utilize to evade taxes.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Herman Fikri
AU  - Rizki Fitri Amalia
PY  - 2025
DA  - 2025/02/11
TI  - Juridical View of Indonesia Tax Law Pertaining to Financial Technology Based Peer-To-Peer Lending
BT  - Proceedings of the 2nd International Conference Changing of Business Law (ICOCLB 2024)
PB  - Atlantis Press
SP  - 197
EP  - 205
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-356-6_23
DO  - 10.2991/978-2-38476-356-6_23
ID  - Fikri2025
ER  -