The research aimed at learning and understanding how big the effect of fixed asset revaluation in minimizing income tax expense and the efforts to control the capital is. The research was conducted in PT GARUDA INDONESIA (Persero) Tbk. The method used was descriptive with qualitative approach. The objects of the research were the income statement and the comprehensive income from 2016 – 2017, the consolidated statement of financial position of 2016 and 2017, prior and post revaluation list of decreasing asset collected from the official website of the company. The fixed assets revaluation conducted by the company was not yet able to save income tax expense since the tax expense which had to be paid before the fixed asset revaluation was US$ 8.425.842 and US$ 55.209.041 after revaluation. The income tax expense paid by the company may be considered as an expense which needed no fiscal correction since it accorded with the regulations, did not exceed the maximum.