PENGARUH THIN CAPITALIZATION, CAPITAL INTENSITY, DAN TRANSFER PRICING TERHADAP TAX AVOIDANCE
Main Article Content
Abstract
The objective of this study is to investigate and gather empirical evidence regarding the impact of thin capitalization, capital intensity, and transfer pricing on tax avoidance among property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the period from 2022 to 2024. This study employs a quantitative approach. The data analyzed were obtained from secondary sources, including companies’ financial statements and annual reports. For sample selection, a purposive sampling method was used based on specific criteria. The study population comprised 92 companies, resulting in a final sample of 54 companies. Multiple linear regression analysis was used for the evaluation. The results indicate that thin capitalization, capital intensity, and transfer pricing significantly influence tax avoidance among property and real estate companies listed on the Indonesia Stock Exchange during the 2022–2024 period. Consequently, these three factors collectively influence tax avoidance behavior. The contribution of these findings highlights the need for better tax regulations and policies, while also raising investor awareness regarding corporate financial management. Furthermore, this study paves the way for further research to investigate other variables or expand the scope and time frame of the study
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How to Cite
Puteri, M., Syahdan, S., Ruwanti, G., & Hayati, N. (2026). PENGARUH THIN CAPITALIZATION, CAPITAL INTENSITY, DAN TRANSFER PRICING TERHADAP TAX AVOIDANCE. Dinamika Ekonomi: Jurnal Ekonomi Dan Bisnis, 19(1), 188-207. https://doi.org/https://doi.org/10.53651/jdeb.v19i1.635
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This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License
References
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Zain, R. P., Harsa Sumarta, N., & Gandhi Amidjaya, P. (2023). Auditor characteristics on tax avoidance by non-financial companies: Evidence from the Indonesia Stock Exchange. Jurnal Akuntansi & Auditing Indonesia, 26(2), 203–210. https://doi.org/10.20885/jaai.vol26.iss2.art9
Alexander, N. (2024). Determinants of Transfer Pricing Decisions and Its Impact on Tax Avoidance. Riset Akuntansi Dan Keuangan Indonesia, 9(2), 200–206. https://doi.org/10.23917/reaksi.v9i2.6389
Ayuningtia, M., & Pramiana, O. (2024). The Influence of Thin Capitalization, Capital Intensity and Sales Growth on Tax Avoidance with Institutional Ownership as a Moderating Variable in Manufacturing Companies Registered as Indonesian Sharia Stock Index Companies. International Journal of Pertapsi, 2(2), 58–68. https://doi.org/10.9744/ijp.2.2.58-68
Evi Khusnita Ulfa, Suprapti, E., & Latifah, S. W. (2021). The Effect of CEO Tenure, Capital Intensity, and Firm Size On Tax Avoidance. Jurnal Reviu Akuntansi Dan Keuangan, 11(1), 77–86. https://doi.org/10.22219/jrak.v11i1.16140
Fauziah, L., & Helmy, H. (2025). Pengaruh Thin Capitalization dan Capital Intensity terhadap Tax Avoidance. Jurnal Eksplorasi Akuntansi, 7(2), 672–689. https://doi.org/10.24036/jea.v7i2.2125
Ghozali, I. (2021). APLIKAS ANALISIS MULTIVARIATE Dengan Program IBM SPSS 26 (A. Heri S (ed.); 10th ed.). Badan Penerbit Universitas Diponegoro.
Hendrianto, A. J., & Hidayati, W. N. (2022). Pengaruh Sales growth , Capital intensity , Kompensasi Eksekutif , dan Kepemilikan Manajerial. Owner: Riset & Jurnal Akuntansi, 6, 3188–3199. https://doi.org/https://doi.org/10.33395/owner.v6i3.1054 Pengaruh
Ishak, A. C., & Asalam, A. G. (2023). Pengaruh Koneksi Politik, Capital Intensity, dan Corporate Social Responsibility Disclosure Terhadap Tax Avoidance. Owner, 7(4), 2041–3051. https://doi.org/10.33395/owner.v7i4.1720
Lestari, V. A., Eny Maryanti, & Biduri, S. (2024). The Gender Diversity Executive, Thin Capitalization, Capital Intensity on Tax Avoidance and Firm Value. AKRUAL: Jurnal Akuntansi, 16(1), 88–104. https://doi.org/10.26740/jaj.v16n1.p88-104
Mahmudi, & Lasulita, A. F. (2025). Thin Capitalization, Financial Distress, and Corporate Governance Impact on Tax Avoidance. Sinergi International Journal of Accounting and Taxation, 3(1), 1–15. https://doi.org/10.61194/ijat.v3i1.285
Meidita Andrilia, & Hari Setiyawati. (2025). Business Strategy, Capital Intensity, Tax Avoidance: Good Corporate Governance as a Moderator. Jurnal Akuntansi, 29(3), 426–445. https://doi.org/10.24912/ja.v29i3.2755
Novitasari, M., Srikalimah, S., & Munari, M. (2025). Peran Profitability sebagai Moderasi: Sales Growth, Transfer Pricing, Capital Intensity dan Tax Avoidance. Owner, 9(2), 1569–1581. https://doi.org/10.33395/owner.v9i2.2712
Nurdiansyah, R., & Masripah. (2023). Research in Business & Social Science Factors causing tax avoidance practices in multinational companies : Evidence from Indonesia. International Journal of Research in Business and Social Science (2147- 4478), 12(3), 391–398.
Nusi, W., & Praptitorini, M. D. (2025). Family Ownership dan Thin Capitalization terhadap Tax Avoidance dan Good Corporate Governance sebagai Variabel Moderasi. Jurnal Bisnis Mahasiswa, 5(3), 1185–1198. https://doi.org/10.60036/jbm.592
Pamungkas, B., & Setyawan, S. (2022). Conservatism And Transfer Pricing On Tax Avoidance: Tax Shelter Approach. Jurnal Reviu Akuntansi Dan Keuangan, 12(1), 171–185. https://doi.org/10.22219/jrak.v12i1.15866
Prasetya, A. W. (2024). Aspek Perpajakan Industri Properti dan Real Estate Indonesia. Pajak.Com. https://www.pajak.com/komunitas/opini-pajak/aspek-perpajakan-industri-properti-dan-real-estate-indonesia/
Ramadhan, F. A., & Purnamasari, D. (2025). Pengaruh Transfer Pricing, Profitabilitas, dan Leverage Terhadap Penghindaran Pajak (Studi Empiris Pada Perusahaan Coal Production Yang Terdaftar Di BEI 2019-2023). Owner, 9(2), 1548–1568. https://doi.org/10.33395/owner.v9i2.2716
Ramadhan, M. R. (2023). The impact of thin capitalization rule on tax avoidance in Indonesia. Journal of Accounting and Investment, 24(2), 323–335. https://doi.org/10.18196/jai.v24i2.17036
Rini, I. G. A. I. S., Dipa, M., & Yudha, C. K. (2022). Effects of Transfer Pricing, Tax Haven, and Thin Capitalization on Tax Avoidance. Jurnal Ekonomi & Bisnis JAGADITHA, 9(2), 193–198. https://doi.org/10.22225/jj.9.2.2022.193-198
Sari, M. R., & Indrawan, I. G. A. (2022). Pengaruh kepemilikan instutional, capital intensity dan inventory intensity terhadap Tax Avoidance. Owner, 6(4), 4037–4049. https://doi.org/10.33395/owner.v6i4.1092
Suciadnyani, N. G. A. N., Darmawan, N. A. S., & Purnamawati, I. G. A. (2025). Peran Komisaris Independen dalam Memoderasi Thin Capitalization, Financial Distress dan Kepemilikan Asing Terhadap Agresivitas Pajak. Owner, 9(3), 1733–1750. https://doi.org/10.33395/owner.v9i3.2727
Utami, M. F., & Irawan, F. (2022). Pengaruh Thin Capitalization dan Transfer Pricing Aggressiveness terhadap Penghindaran Pajak dengan Financial Constraints sebagai Variabel Moderasi. Owner, 6(1), 386–399. https://doi.org/10.33395/owner.v6i1.607
Yohana, B., Darmastuti, D., & Widyastuti, S. (2022). Penghindaran Pajak Di Indonesia: Pengaruh Transfer Pricing dan Customer Concentration Dimoderasi Oleh Peran Komisaris Independen. Reviu Akuntansi Dan Bisnis Indonesia, 6(1), 112–129. https://doi.org/10.18196/rabin.v6i1.13468
Yoshida, D. (2023). the Effect of Transfer Pricing, Thin Capitalization and Foreign Ownership on Tax Avoidance. International Journal of Management Studies and Social Science Research, 05(05), 213–219. https://doi.org/10.56293/ijmsssr.2022.4718
Zain, R. P., Harsa Sumarta, N., & Gandhi Amidjaya, P. (2023). Auditor characteristics on tax avoidance by non-financial companies: Evidence from the Indonesia Stock Exchange. Jurnal Akuntansi & Auditing Indonesia, 26(2), 203–210. https://doi.org/10.20885/jaai.vol26.iss2.art9