Factors contributig to tax noncompliance amongst property developers in Malaysia: a survey of tax auditors' opinions from the corporate tax department of the inland revenue board Malaysia / Rohana Salleh

Income tax is the main source of income to the nation. In 2011, Inland Revenue Board of Malaysia (IRBM) became the biggest contributor to the total income of the Federal Government, which hold about 59.11% with the value of RM185.42 billion (IRBM, 2011). Out of this values, it shows that corporate...

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Main Author:	Salleh, Rohana
Format:	Thesis
Language:	English
Published:	2013
Subjects:	Revenue. Taxation. Internal revenue Malaysia
Online Access:	http://ir.uitm.edu.my/id/eprint/14331/ http://ir.uitm.edu.my/id/eprint/14331/1/TM_ROHANA%20SALLEH%20AC%2013_5.pdf

id	uitm-14331
recordtype	eprints
spelling	uitm-143312016-08-23T02:20:12Z http://ir.uitm.edu.my/id/eprint/14331/ Factors contributig to tax noncompliance amongst property developers in Malaysia: a survey of tax auditors' opinions from the corporate tax department of the inland revenue board Malaysia / Rohana Salleh Salleh, Rohana Revenue. Taxation. Internal revenue Malaysia Income tax is the main source of income to the nation. In 2011, Inland Revenue Board of Malaysia (IRBM) became the biggest contributor to the total income of the Federal Government, which hold about 59.11% with the value of RM185.42 billion (IRBM, 2011). Out of this values, it shows that corporate taxpayers were contributed a very prominent amount which is RM55.08 billion carrying 50.25% over the total percentage of the total collections (IRBM, 2011). As a result, it is clearly shown that corporate taxpayers are the biggest contributor to the government's revenue followed by petroleum companies and continued by individual taxpayers.The main objective of this study is., to outline the factors that contribute to tax noncompliance of property developers in Malaysia. The study is mainly focus on noncompliance of final accounts that prepared by taxpayers in developers business. The result of the study is collected from findings of questionnaires' survey as well and supported with the findings from two real cases that come from the field audit. This study has found that taxpayers who are not representing by the Big4 audit firms seemed to be not to comply with the public ruling and regulations of IRBM. The survey have found that 50% of tax auditors agreed that less than five companies with their audit cases had paid up share capital more than 2.5 million. This can be simplified as most of the company that the tax auditors auditing the cases and the final accounts come from small and medium enterprise. The survey also found that taxpayers intend to not comply with the preparation of final accounts according to Public Ruling No.l/2009. Failure to prepare the final accounts will cause taxpayers paying additional tax including the amount of penalty. They also agreed that by imposing the additional penalty like 450/0 on tax findings will reduce non-compliance of final accounts rate that was prepared by tax preparers.The findings from this study recommend CTD to implement an intensification of enforcement programs, imposition of penalty to non-compliance of final accounts and collaboration with third parties in the way to reduce non-compliance of preparation of final accounts amongst property developers in Malaysia. 2013 Thesis NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/14331/1/TM_ROHANA%20SALLEH%20AC%2013_5.pdf Salleh, Rohana (2013) Factors contributig to tax noncompliance amongst property developers in Malaysia: a survey of tax auditors' opinions from the corporate tax department of the inland revenue board Malaysia / Rohana Salleh. Masters thesis, Universiti Teknologi MARA.
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Revenue. Taxation. Internal revenue Malaysia
spellingShingle	Revenue. Taxation. Internal revenue Malaysia Salleh, Rohana Factors contributig to tax noncompliance amongst property developers in Malaysia: a survey of tax auditors' opinions from the corporate tax department of the inland revenue board Malaysia / Rohana Salleh
description	Income tax is the main source of income to the nation. In 2011, Inland Revenue Board of Malaysia (IRBM) became the biggest contributor to the total income of the Federal Government, which hold about 59.11% with the value of RM185.42 billion (IRBM, 2011). Out of this values, it shows that corporate taxpayers were contributed a very prominent amount which is RM55.08 billion carrying 50.25% over the total percentage of the total collections (IRBM, 2011). As a result, it is clearly shown that corporate taxpayers are the biggest contributor to the government's revenue followed by petroleum companies and continued by individual taxpayers.The main objective of this study is., to outline the factors that contribute to tax noncompliance of property developers in Malaysia. The study is mainly focus on noncompliance of final accounts that prepared by taxpayers in developers business. The result of the study is collected from findings of questionnaires' survey as well and supported with the findings from two real cases that come from the field audit. This study has found that taxpayers who are not representing by the Big4 audit firms seemed to be not to comply with the public ruling and regulations of IRBM. The survey have found that 50% of tax auditors agreed that less than five companies with their audit cases had paid up share capital more than 2.5 million. This can be simplified as most of the company that the tax auditors auditing the cases and the final accounts come from small and medium enterprise. The survey also found that taxpayers intend to not comply with the preparation of final accounts according to Public Ruling No.l/2009. Failure to prepare the final accounts will cause taxpayers paying additional tax including the amount of penalty. They also agreed that by imposing the additional penalty like 450/0 on tax findings will reduce non-compliance of final accounts rate that was prepared by tax preparers.The findings from this study recommend CTD to implement an intensification of enforcement programs, imposition of penalty to non-compliance of final accounts and collaboration with third parties in the way to reduce non-compliance of preparation of final accounts amongst property developers in Malaysia.
format	Thesis
author	Salleh, Rohana
author_facet	Salleh, Rohana
author_sort	Salleh, Rohana
title	Factors contributig to tax noncompliance amongst property developers in Malaysia: a survey of tax auditors' opinions from the corporate tax department of the inland revenue board Malaysia / Rohana Salleh
title_short	Factors contributig to tax noncompliance amongst property developers in Malaysia: a survey of tax auditors' opinions from the corporate tax department of the inland revenue board Malaysia / Rohana Salleh
title_full	Factors contributig to tax noncompliance amongst property developers in Malaysia: a survey of tax auditors' opinions from the corporate tax department of the inland revenue board Malaysia / Rohana Salleh
title_fullStr	Factors contributig to tax noncompliance amongst property developers in Malaysia: a survey of tax auditors' opinions from the corporate tax department of the inland revenue board Malaysia / Rohana Salleh
title_full_unstemmed	Factors contributig to tax noncompliance amongst property developers in Malaysia: a survey of tax auditors' opinions from the corporate tax department of the inland revenue board Malaysia / Rohana Salleh
title_sort	factors contributig to tax noncompliance amongst property developers in malaysia: a survey of tax auditors' opinions from the corporate tax department of the inland revenue board malaysia / rohana salleh
publishDate	2013
url	http://ir.uitm.edu.my/id/eprint/14331/ http://ir.uitm.edu.my/id/eprint/14331/1/TM_ROHANA%20SALLEH%20AC%2013_5.pdf
first_indexed	2023-09-18T22:51:23Z
last_indexed	2023-09-18T22:51:23Z
_version_	1777417566962057216

Factors contributig to tax noncompliance amongst property developers in Malaysia: a survey of tax auditors' opinions from the corporate tax department of the inland revenue board Malaysia / Rohana Salleh

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