Benefit in Kind Taxation and Financial Management under MoF Regulation No. 66 of 2023: A Literature Review
DOI:
https://doi.org/10.59890/ijmbi.v4i1.306Keywords:
Benefit in Kind, Taxation, Financial Management, Tax Planning, MoF Regulation No. 66 Of 2023Abstract
This study examines the implications of benefit in kind (BIK) taxation for corporate financial management under Indonesia’s Ministry of Finance Regulation No. 66 of 2023 through a literature review approach. As a derivative of the Tax Harmonization Law, this regulation represents a fundamental shift in the tax treatment of non-cash employee benefits by explicitly classifying economically valuable BIK as taxable income. This change requires firms to reassess compensation structures, tax planning strategies, and financial management practices. Using a qualitative literature review, this study synthesizes national and international academic publications, tax policy analyses, and regulatory documents related to BIK, tax planning, and financial management. The review identifies key themes concerning the impact of BIK taxation on corporate tax planning orientation, cost structures, budgeting and cash flow management, and internal governance. The findings indicate that the taxation of BIK narrows the scope for compensation-based tax planning and encourages a shift toward compliance-oriented and risk-aware financial management strategies. The literature further suggests that firms tend to respond selectively to BIK taxation by reevaluating the strategic value of non-cash benefits rather than uniformly reducing employee benefits. While the regulation introduces additional administrative and fiscal burdens, it also promotes greater transparency, equity, and alignment between tax reporting and financial management systems. Overall, this study concludes that MoF Regulation No. 66 of 2023 functions as a structural reform that reshapes corporate approaches to benefit in kind, tax planning, and financial management, and highlights the importance of regulatory clarity and organizational readiness for effective implementation.
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