Determinants of Tax Revenues and Their Impact for The Public Welfare in Five Asean Countries

Vol 8 No 4 (2025): Volume 08 Issue 04 April 2025

Article Date Published : 14 April 2025 | Page No.: 1697-1709 | Google Scholar | Crossref doi for this article

Abstract :

This study was conducted to determining factors of  tax revenues and the impact on people’s well-being in five ASEAN countries, namely Indonesia, the Philippines, Malaysia, Thailand, and Vietnam. In this study, the variables interest rates, number of companies, inflation and gross domestic product, tax revenues, and public welfare were used. This research uses secondary data and is analyzed using the Eviews app. The results of this study show that there is a significant negative impact of interest and inflation on tax revenues. At the same time, the number of companies and gross domestic brutto have a positive and significant impact on tax revenues. And tax revenues have a positive and significant impact on the well-being of the community.

Keywords :

public welfare, Tax revenues

References :

  1. Abdelmeguid, E. E., and Kamel, H. . (2023). The Impact of Economic Growth on Tax Revenues: The Case of Egypt.Academic journal of the Faculty of Commerce, 79.

https://sjcf.journals.ekb.eg/article_333682_40e93444847e7a592d7a05870978055c.pdf

  1. Abhimantra, A. and Medyawati, H. (2023). Direct and indirect effects of inflation, exchange rate and SBI interest via VAT revenue. Graduated from university. Edu.

https://www.academia.edu/34713036/DIRECT_AND_INDIRECT_EFFECT_OF_INFLATION_EXCHANGE_RATE_AND_SBI_INTEREST_RATE_THROUGH_THE_CONSUMPTION_LEVEL_ON_THE_VALUE_ADDED_TAX_REVENUES Publishers

  1. Alan, J.A. and Williams, G.G. (2021). Low interest rates have an impact on fiscal policy. Urban-Brookings Tax Policy Center.
  2. Ali, A., Deviyantoro, Kamaluddin, Wiryawan, D., & Sumastuti, E. (2022). The impact of gross domestic product and interest on tax revenues in Indonesia. Budapest Institute for International Research and Criticism, 5(2). https://doi.org/DOI: https://doi.org/10.33258/birci.v5i2.4790 9950
  3. Arrafi, I., Parianom, R., & Abrianto, A. (2023). Does GDP affect tax revenues? Ecclesiastes, 10(1). https://doi.org/DOI: https://doi.org/10.24252/ecc.v10i1.33170
  4. Wake up, R. . . . (2019). Human Resources are Koentji: Learning from Vietnam. Forbil Institute, 1 https://forbil.id/industri/sumber-daya-manusia-merupakan-koentji-belajar-dari-vietnam/reza-bangun-mahardika/
  5. Cesarina, L., Rangga, I., and Aryo, Y. . . (2022). Analysis of the causality of tax revenues, government expenditures, inflation and economic growth in Indonesia between 1973 and 2019. Viesoji Politika ir administravimas Politiek en Openbaar Bestuur, 21(1), 143-157.
  6. Cloyne, J. . e. all of them. (2023). Taxes and Growth: New Narrative Evidence of the Interwar Period in Britain. Journal of Economic Studies, 91 (4), 2168-2200. https://doi.org/doi.org/10.1093/restud/rdad081
  7. Collaku, L., Balaj, D., & Hajdini, A. (2023). Correlation between tax revenues and gross domestic product: data from emerging markets. Review of Companies and Business Strategies, 4(1), https://doi.org/10.22495/cbsrv4i1art3 31-38
  8. Directorate-General for Taxation. (2021). Tax Harmonization Act.Grace, N.O., David, O.A., & Oliver, O. (2016). Empirical analysis of the influence of tax revenues on Nigeria’s economic development. International Journal of Asian Social Sciences, 6 (10). https://archive.aessweb.com/index.php/5007/article/view/2842
  9. Hilarius, A… (2023). Tax cooperation between ASEAN countries. Pajakku.Com.

https://www.pajakku.com/read/62eb4226a9ea8709cb18b78c/Kerjasama-Perpajakan-Antar-Negara-Di-ASEAN

  1. Hoffmann, F. et al. (2017). Tax on externalities subject to financing restrictions. Journal of Economic Sciences, 127 (606), 2478-2503 https://doi.org/https://doi.org/10.1111/ecoj.12396.
  2. Immervoll, H. (2015). The impact of inflation on income tax and social security contributions in Europe. Department of Microsimulation, Institute of Applied Economics, University of Cambridge.
  3. Scott, K. (2019). According to the World Bank, Thailand’s human resources are critical for long-term growth and reducing inequality. World Bank Group, 1 https://www-worldbank-org.translate.goog/en/news/press-release/2019/01/16/thailands-human-capital-key-to-long-term-growth-and-reduced-inequality-world-bank-says?_x_tr_sl=en&_x_tr_tl=id&_x_tr_hl=id&_x_tr_pto=tc
  4. (2018). Taxes (current). Curriculum vitae. Andy.
  5. Meita, I., & Nurdianah, D. (2023). The impact of changes in tax rates, inflation, and interest rates on income tax revenue. Journal of State Taxes and Finance, 4(2).
  6. Muttaqien, F. and Edy, HR (2019). The impact of economic growth and inflation on tax revenues: an analysis of regions where economic activities are dominant in agriculture, plantations and fisheries. Progress in economic, operational and management research, 135.
  7. Napitupulu, R., Simanjuntak, T., Hutabarat, L., Damanik, H., Harianza, Sirait, R.T., & Tobing, C.E.R. (2021). Business Research: Dara Engineering and Analysis with SPSS-STATA_EVIEWS (1st Edition). Madenatera.
  8. (2021). Urban Overpopulation: The Problem of Overpopulation and Urban Poverty in the Philippines.
  9. Nguyen Huu, C., & Thanh, S. (2020). Determinants of Corporate Income Tax in Vietnam. Advances in Management and Applied Economics, 10(1), 89-103.
  10. Nurmuhaemin, W. (2024). The leap from Malaysia to a rich country. On Detik.com. https://news.detik.com/kolom/d-7554232/lompatan-malaysia-menuju-negara-kaya
  11. Okoeguale Ibaden, P., & Oluwatuyi, T. B. (2021). Nigeria Tax Revenue, Economic Growth and Human Development Index. Journal of Taxation and Economic Development, 20(2), 52-76.
  12. Peralta-Alva, A. et al. (2023). Tax revenues in low-income countries. Journal of Economics, 133 (653), 2001-2024. https://doi.org/https://doi.org/10.1093/ej/uead023
  13. Ali, B. et al. (2021). Development Economics. Our writing base.
  14. Richard, R. (2019). 3 Ways Malaysia Can Increase Its Human Resources Productivity. Mercer. https://www.mercer.com/id-id/insights/people-strategy/hr-transformation/3-ways-malaysia-could-boost-the-productivity-of-its-human-capital/
  15. Rizki, A… (2023). Malaysia will introduce new taxes and reduce the budget deficit to 3.5%. Bisnis.Com.

https://ekonomi.bisnis.com/read/20230911/620/1693719/malaysia-bakal-terapkan-pajak-baru-tekan-defisit-fiskal-ke-35-persen

  1. Rutto, R. (2020). The influence of the exchange rate on the evolution of tax revenues in Kenya. International Journal of Economic Research., 4(12). https://ijebmr.com/uploads/pdf/archivepdf/2020/IJEBMR_650-2.pdf
  2. Sukirno, S. (2019). Macroeconomics: Introductory Theories (25th edition). Adler Presse.
  3. Surjantoro, D. and Haryono, E. (2023). ASEAN finance ministers and central bank governors pledged to strengthen cooperation to support ASEAN as a global growth hub. Financial Policy Agency of the Ministry of Finance of the Republic of Indonesia. https://fiskal.kemenkeu.go.id/publikasi/siaran-pers-detil/523
  4. Yanseni, Y., and Marhaeni, A.A.I. . (2019). Analysis of factors influencing the human development index in the regencies/cities of East Nusa Tenggara Province, Indonesia. International Journal of Economics, Business and Management, 11.

Author's Affiliation

   Fibria Anggraini Puji Lestari
Borobudur University, Jakarta, Indonesia

   Sumaryoto .
Borobudur University, Jakarta, Indonesia

   Yolanda .
Borobudur University, Jakarta, Indonesia

Copyrights & License

Fibria Anggraini Puji Lestari, Sumaryoto ., Yolanda ., 2025

This work is licenced under a Creative Commons Attribution 4.0 International License.

Article Details

How to Cite :

Determinants of Tax Revenues and Their Impact for The Public Welfare in Five Asean Countries. Fibria Anggraini Puji Lestari, Sumaryoto, Yolanda, 8(4), 1697-1709. Retrieved from https://ijcsrr.org/single-view/?id=22168&pid=21969

Most read articles by the same author(s)

Fibria Anggraini Puji Lestari, Sumaryoto ., Yolanda .,

View

179

Citation

Downloads

Article Details