Articles

The Impact of Gross Domestic Product and Economic Growth on Tax Revenues in Five Asean Countries

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The study was conducted to determine the impact of gross domestic product and economic growth on tax revenues in five ASEAN countries, namely Indonesia, the Philippines, Malaysia, Thailand, and Vietnam. Considering the importance of the influence of a country’s gross domestic product and economic growth in maximizing tax revenues, which are the main source of revenue in developing countries. In this study, variables for gross national product, economic growth, and tax revenues were used. This study used derived data and was analyzed using the Eviews app. The results of this study show that gross domestic growth and gross economic growth have a positive and significant impact on tax revenues at the same time. Gross domestic product has a positive and significant impact on tax revenues. Variable economic growth also has a positive and significant effect on tax revenues. In order to maximize tax revenue, each country’s government has strived to find different ways to increase tax revenues, such as tax reform, cooperation with ASEAN countries, improving tax administrations through a digitalization system to facilitate tax payment and reporting.

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

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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.

The Interrelationship between Economic Growth and Tax Revenues in Cambodia

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The relationship between economic growth and the growth rate of tax revenues on goods and services, tax revenue on income, profit, and capital gain, and tax revenue on international trade and transaction was analyzed using a VAR model. All variables in this study were found to be integrated of order one, therefore the model was run using first differences. The lag length of the model was determined to be optimal at lag-two based on the information criterion. The estimated results of the model successfully passed all diagnostic tests, including tests for residual normality, serial correlation, and heteroscedasticity. Since all the inverse roots of the AR characteristic polynomial were within the unit circle, the model was deemed stable. The empirical findings from the VAR model indicated that the growth rate of tax revenue on income, profit, and capital had the most significant impact on economic growth, ranging from 2.3505% to 2.7155%. This was followed by tax revenue on goods and services, ranging from 0.5776% to 0.5954%, and tax revenue on international trade and transaction, ranging from 0.2747% to 0.5930%. Furthermore, the response of the growth rate of all tax revenues to changes in the economic growth rate exhibited a cyclical pattern around its mean.