Research Article
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Effect Of Deferred Tax Assets, Tax Planning And Profitability On Income Smoothing

Year 2024, Volume: 12 Issue: 1, 51 - 62, 30.04.2024

Yusuf Kurt

https://doi.org/10.18506/anemon.1309668

Abstract

In the study, it is aimed to determine the effects of deferred tax assets, tax planning and profitability levels on the profit smoothing of businesses traded in the Borsa Istanbul (BIST) food and beverage index. In this direction, data on the profit/loss statement and financial position statements of the companies traded in the food and beverage index for the years 2013 and 2022 were used. Scores obtained from the Eckel (1981) index were used to decide whether businesses are making profit smoothing. The deferred tax asset variable is calculated by dividing the change in the deferred tax asset item of the businesses by the deferred tax asset of the previous period. The tax planning variable is determined by dividing the net profit for the period by the profit before tax for the same period. In the financial performance dimension, the return on assets formulation, which is calculated by dividing the profit before tax by the total assets, is used. According to the results obtained from the study in which the logistic regression method was used, it was observed that the independent variables of deferred tax asset and return on assets had no effect on profit smoothing. However, it was determined that the tax planning independent variable had a negative and significant effect on the profit smoothing dependent variable.

Keywords

Tax Planning Income Smoothing Deferred Tax Asset Financial Performance Level Eckel Model

References

  • Akbari, F., Salehi, M., & Bagherpour Vlashani, M. A. (2018).The relationship between tax avoidance and firm value with income smoothing: a comparison between classical and bayesian econometric in multilevel models. International Journal Of Organizational Analysis, 27(1),125-148.
  • Alexander, N. (2019). The effect of ownership structure, cash holding and tax avoidance on income smoothing. Journal Of Finance And Banking Review, 4(4), 128-134
  • Assidi, S., Farooque, O. A., ve Albitar, K. (2022).The nexus between aggressive tax planning and earnings management in different political systems and the moderating role of corporate governance. International Journal Of Managerial And Financial Accounting, 14(4), 344-361.
  • Atik, A. (2009). Detecting income-smoothing behaviors of Turkish listed companies through empirical tests using discretionary accounting changes. Critical Perspectives on Accounting, 20(5), 591-613.
  • Bunaca, R. A., & Nurdayadı. (2019). The ımpact of deferred tax expense and tax planing toward earnings management and profitability. Jurnal Bisnis Dan Akuntansi, 21(2), 215-236.
  • Chen, L. H., Dhaliwal, D. S., & Trombley, M. A. (2007). The impact of earnings management and tax planning on the information content of earnings. 1-32 Https://Www.Semanticscholar.Org/Paper/Tax-Planning-And-Stock-Returns%3A-Evidence-From-Oktavia-Jauhari/Dd8fd53d6faf7bca4c14932370a558677fc5f2a7
  • Eckel, N. (1981). The income smoothing hypothesis revisited. Abacus, 17(1), 28-40. Ergin, E. (2011). Income smoothing: evidence from Turkey. Kahramanmaraş Sütçü İmam Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 1(2), 27-38.
  • Ernayani, R., Herianingrum, S., Widiastuti, T., Harianto, R. P. & Zainal, M. I. (2020). Factors influencing income smoothing practice in the oil and natural gas mining companies during 2012-2016 period. Humanities & Social Sciences Reviews, 8(1), 359-365. Franio, V., & Saputra, J. (2022). The effect of tax planning, deferred tax assets and deferred tax expense on earnings management in consumer goods companies listed on the Indonesia stock exchange for 2018-2021 Period, Journal Of Management, 12(4), 3017-3026.
  • Fauzi, M. (2019).The Effect of tax planning, company value, and leverage on income smoothing practices in companies listed on Jakarta islamic index. Journal Of Islamic Accounting And Finance Research, 1(1), 139-162
  • Fajarwati, D., C, N. M., Tama, A. I., & Putranto, I. E. (2020).The effect of deferred tax assets, current tax expenses and leverage on profit management. International Journal Of Economics, Business And Accounting Research (IJEBAR), 4(4), 959-966 Firnanti, F. (2019).The Influence of dividend policy and income tax on income smoothing. Accounting And Finance Review, 4(1), 15-20
  • Hakim, L., & Pratama, G. A. (2019). The Influence Of The Tax Charges, Tax-Defered And Planning, Againt Earnings Management. Kne Social Sciences, 2019, 727-743.
  • Henryanto Wijaya, M. (2020). Factors influencing income smoothing practices with firm size moderation. Jurnal Akuntansi, 24(2), 250-265.
  • Hosmer, D. W., & Lemeshow, S. (2000). Applied logistic regression(2nd edition). Wiley-Interscience Publication.
  • Hu, N., Cao, Q., & Zheng, L. (2015). Listed Companies’ income tax planning and earnings management: based on china’s capital market. Journal Of Industrial Engineering And Management (JIEM), 8(2), 417-434.
  • Juliana, I. (2018). Corporate Governance and ıncome smoothing ın the Nigerian deposit money banks. International Journal of Business & Law Research, 6(1), 27-38
  • Konistiawan, S. (2022). Of deferred tax assets, deferred tax expenses and income tax on income smoothing with pubıic ownership as a moderating variable. Global Accounting, 1(2), 428-438
  • Midiastuty, P. P., Aprila, N., Putra, D. A., & Sari, K. W. (2023). Effect of tax planning, deferred tax burden, and deferred tax asset on earnings management. In Proceeding Of International Conference On Accounting And Finance, 1, 56-65.
  • Mudjiyanti, R. (2018). The Effect of tax planning, ownership structure, and deferred tax expense on earning management. Advances in Social Science, Education and Humanities Research, 231, 379-381.
  • Mulatsih, S. N., Dharmayanti, N., & Ratnasari, A. (2019). The effect of tax planning, asset of deferred tax, deferred tax expense on profit management. Kne Social Sciences, 2019, 933-947.
  • Permatasari, M. & Trisnawati, E. (2022).Deferred tax on real profit management with tax planning as moderating. Jurnal Akuntansi, 26(2), 280-305.
  • Setiawan, S. H. (2014). Analysis of factors affecting ıncome smoothing and the effects to the company value case study of manufacturing companies listed in Indonesia stock exchange period 2008-2012. http://repository.president.ac.id/handle/123456789/2973
  • Sherlita, E. & Kurniawan, P. (2013). Analysis of factors affecting income smoothing among listed companies in Indonesia. Sains Humanika, 64(3), 17-23.
  • Subhan, S. (2022). The effect of tax planning and deferred tax expense on earnings management. Point Of View Research Accounting And Auditing, 3(2), 160-176
  • Sumiati, I., Akhyar, C., & Darmawati. (2023). The ınfluence of auditor quality, corporate governance, and tax planning on profit management. Journal Of Accounting Research, Utility Finance And Digital Assets, 1(3), 296-303.
  • TMS 12 gelir vergileri standardı, 19/12/2017 tarihli ve 30275 sayılı resmi gazete (mükerrer)
  • Tartono, C. L., Hidayat, A. A., & Haryono, L. (2021). The effect of tax planning and temporary difference to earnings management. Journal Of Applied Accounting And Taxation, 6(2), 183-195.
  • Ulfa, T., Zulfikar, R., & Yulianto, A. S. (2022). Tax planning, company size, profit management, and profitability as moderating variables. Journal Of Applied Business, Taxation And Economics Research, 1(5), 439-449.
  • Wibowo, R. A. (2020). Can institutional ownership moderate the influence of deferred taxes and tax planning on earnings management? Evidence from Indonesia. Journal Of Business And Management Review, 1(3), 172-185.

Kar Düzleştirme Üzerinde Ertelenmiş Vergi Varlığı, Vergi Planlaması Ve Finansal Performansın Etkisi

Year 2024, Volume: 12 Issue: 1, 51 - 62, 30.04.2024

Yusuf Kurt

https://doi.org/10.18506/anemon.1309668

Abstract

Çalışmada Borsa İstanbul (BIST) gıda ve içecek endeksinde işlem gören işletmelerin kar düzleştirmeleri üzerinde ertelenmiş vergi varlığı, vergi planlaması ve finansal performans düzeyinin etkisinin tespit edilmesi amaçlanmıştır. Bu doğrultuda gıda ve içecek endeksinde işlem gören işletmelerin 2013 ve 2022 yıllarına ilişkin kar/zarar tablosu ve finansal durum tablolarına ilişkin veriler kullanılmıştır. İşletmelerin kar düzleştirme yapıp yapmadığına karar verebilmek için Eckel (1981) endeksinden elde edilen skorlar kullanılmıştır. İşletmelerin ertelenmiş vergi varlığı kalemindeki değişimin bir dönem önceki ertelenmiş vergi varlığına bölünmesi suretiyle ertelenmiş vergi varlığı değişkeni hesaplanmıştır. Vergi planlaması değişkeni dönem net karının, aynı dönemdeki vergi öncesi kar kalemine bölünmesiyle belirlenmiştir. Finansal performans boyutunda ise vergi öncesi karın aktif toplamına bölünmesiyle hesaplanan aktif karlılığı formülasyonu kullanılmıştır. Lojistik regresyon yönteminin kullanıldığı çalışmadan elde edilen sonuçlara göre ertelenmiş vergi varlığı ve aktif karlılığı bağımsız değişkelerinin kar düzleştirme üzerinde etkisi olmadığı gözlemlenmiştir. Fakat vergi planlaması bağımsız değişkeninin kar düzleştirme bağımlı değişkeni üzerinde negatif ve anlamlı bir etkisi olduğu tespit edilmiştir.

Keywords

Vergi Planlaması Kar Düzleştirme Ertelenmiş Vergi Varlığı Finansal Performans Düzeyi Eckel Model

References

  • Akbari, F., Salehi, M., & Bagherpour Vlashani, M. A. (2018).The relationship between tax avoidance and firm value with income smoothing: a comparison between classical and bayesian econometric in multilevel models. International Journal Of Organizational Analysis, 27(1),125-148.
  • Alexander, N. (2019). The effect of ownership structure, cash holding and tax avoidance on income smoothing. Journal Of Finance And Banking Review, 4(4), 128-134
  • Assidi, S., Farooque, O. A., ve Albitar, K. (2022).The nexus between aggressive tax planning and earnings management in different political systems and the moderating role of corporate governance. International Journal Of Managerial And Financial Accounting, 14(4), 344-361.
  • Atik, A. (2009). Detecting income-smoothing behaviors of Turkish listed companies through empirical tests using discretionary accounting changes. Critical Perspectives on Accounting, 20(5), 591-613.
  • Bunaca, R. A., & Nurdayadı. (2019). The ımpact of deferred tax expense and tax planing toward earnings management and profitability. Jurnal Bisnis Dan Akuntansi, 21(2), 215-236.
  • Chen, L. H., Dhaliwal, D. S., & Trombley, M. A. (2007). The impact of earnings management and tax planning on the information content of earnings. 1-32 Https://Www.Semanticscholar.Org/Paper/Tax-Planning-And-Stock-Returns%3A-Evidence-From-Oktavia-Jauhari/Dd8fd53d6faf7bca4c14932370a558677fc5f2a7
  • Eckel, N. (1981). The income smoothing hypothesis revisited. Abacus, 17(1), 28-40. Ergin, E. (2011). Income smoothing: evidence from Turkey. Kahramanmaraş Sütçü İmam Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 1(2), 27-38.
  • Ernayani, R., Herianingrum, S., Widiastuti, T., Harianto, R. P. & Zainal, M. I. (2020). Factors influencing income smoothing practice in the oil and natural gas mining companies during 2012-2016 period. Humanities & Social Sciences Reviews, 8(1), 359-365. Franio, V., & Saputra, J. (2022). The effect of tax planning, deferred tax assets and deferred tax expense on earnings management in consumer goods companies listed on the Indonesia stock exchange for 2018-2021 Period, Journal Of Management, 12(4), 3017-3026.
  • Fauzi, M. (2019).The Effect of tax planning, company value, and leverage on income smoothing practices in companies listed on Jakarta islamic index. Journal Of Islamic Accounting And Finance Research, 1(1), 139-162
  • Fajarwati, D., C, N. M., Tama, A. I., & Putranto, I. E. (2020).The effect of deferred tax assets, current tax expenses and leverage on profit management. International Journal Of Economics, Business And Accounting Research (IJEBAR), 4(4), 959-966 Firnanti, F. (2019).The Influence of dividend policy and income tax on income smoothing. Accounting And Finance Review, 4(1), 15-20
  • Hakim, L., & Pratama, G. A. (2019). The Influence Of The Tax Charges, Tax-Defered And Planning, Againt Earnings Management. Kne Social Sciences, 2019, 727-743.
  • Henryanto Wijaya, M. (2020). Factors influencing income smoothing practices with firm size moderation. Jurnal Akuntansi, 24(2), 250-265.
  • Hosmer, D. W., & Lemeshow, S. (2000). Applied logistic regression(2nd edition). Wiley-Interscience Publication.
  • Hu, N., Cao, Q., & Zheng, L. (2015). Listed Companies’ income tax planning and earnings management: based on china’s capital market. Journal Of Industrial Engineering And Management (JIEM), 8(2), 417-434.
  • Juliana, I. (2018). Corporate Governance and ıncome smoothing ın the Nigerian deposit money banks. International Journal of Business & Law Research, 6(1), 27-38
  • Konistiawan, S. (2022). Of deferred tax assets, deferred tax expenses and income tax on income smoothing with pubıic ownership as a moderating variable. Global Accounting, 1(2), 428-438
  • Midiastuty, P. P., Aprila, N., Putra, D. A., & Sari, K. W. (2023). Effect of tax planning, deferred tax burden, and deferred tax asset on earnings management. In Proceeding Of International Conference On Accounting And Finance, 1, 56-65.
  • Mudjiyanti, R. (2018). The Effect of tax planning, ownership structure, and deferred tax expense on earning management. Advances in Social Science, Education and Humanities Research, 231, 379-381.
  • Mulatsih, S. N., Dharmayanti, N., & Ratnasari, A. (2019). The effect of tax planning, asset of deferred tax, deferred tax expense on profit management. Kne Social Sciences, 2019, 933-947.
  • Permatasari, M. & Trisnawati, E. (2022).Deferred tax on real profit management with tax planning as moderating. Jurnal Akuntansi, 26(2), 280-305.
  • Setiawan, S. H. (2014). Analysis of factors affecting ıncome smoothing and the effects to the company value case study of manufacturing companies listed in Indonesia stock exchange period 2008-2012. http://repository.president.ac.id/handle/123456789/2973
  • Sherlita, E. & Kurniawan, P. (2013). Analysis of factors affecting income smoothing among listed companies in Indonesia. Sains Humanika, 64(3), 17-23.
  • Subhan, S. (2022). The effect of tax planning and deferred tax expense on earnings management. Point Of View Research Accounting And Auditing, 3(2), 160-176
  • Sumiati, I., Akhyar, C., & Darmawati. (2023). The ınfluence of auditor quality, corporate governance, and tax planning on profit management. Journal Of Accounting Research, Utility Finance And Digital Assets, 1(3), 296-303.
  • TMS 12 gelir vergileri standardı, 19/12/2017 tarihli ve 30275 sayılı resmi gazete (mükerrer)
  • Tartono, C. L., Hidayat, A. A., & Haryono, L. (2021). The effect of tax planning and temporary difference to earnings management. Journal Of Applied Accounting And Taxation, 6(2), 183-195.
  • Ulfa, T., Zulfikar, R., & Yulianto, A. S. (2022). Tax planning, company size, profit management, and profitability as moderating variables. Journal Of Applied Business, Taxation And Economics Research, 1(5), 439-449.
  • Wibowo, R. A. (2020). Can institutional ownership moderate the influence of deferred taxes and tax planning on earnings management? Evidence from Indonesia. Journal Of Business And Management Review, 1(3), 172-185.
There are 28 citations in total.

Details

Primary Language Turkish
Journal Section Research Article
Authors

Yusuf Kurt 0000-0002-1071-4205

Publication Date April 30, 2024
Acceptance Date February 14, 2024
Published in Issue Year 2024 Volume: 12 Issue: 1

Cite

APA Kurt, Y. (2024). Kar Düzleştirme Üzerinde Ertelenmiş Vergi Varlığı, Vergi Planlaması Ve Finansal Performansın Etkisi. Anemon Muş Alparslan Üniversitesi Sosyal Bilimler Dergisi, 12(1), 51-62. https://doi.org/10.18506/anemon.1309668
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