PENGARUH PERENCANAAN PAJAK, ASET PAJAK TANGGUHAN DAN LEVERAGE TERHADAP MANAJEMEN LABA SUBSEKTOR FARMASI

Abstract This study analyzes the influence of tax planning, deferred tax assets, and leverage on earnings management in pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange (BEI) during the 2019-2023 period. The research background is driven by the importance of taxation as a source of state revenue and the phenomenon of earnings management amidst economic pressures, as seen in the case of PT Indofarma, as well as the inconsistency of previous research findings regarding the influencing factors. Using a quantitative approach with secondary data from 10 pharmaceutical companies (a total of 50 samples) and panel data regression analysis (Common Effect Model), this study found that tax planning and deferred tax assets have a positive and significant effect on earnings management, while leverage does not have a significant effect. Simultaneously, these three independent variables (tax planning, deferred tax assets, and leverage) significantly influence earnings management the variation in earnings management can be explained by the model. These results indicate that pharmaceutical companies utilize tax planning and the flexibility of deferred tax asset recognition for earnings management purposes, but the level of debt is not a primary driver of such practices. Keywords: tax planning, deferred tax asset, leverage, Earnings Management