A Qualitative Findings of Tax Compliance Burden: Analysis of Tax Preparers Survey

摘要

This study focuses on qualitative analyses of the compliance burden of Malaysian corporations from the perspective of tax preparers. Three main areas are investigated, namely, tax-related difficulties faced by companies, reasons for engaging external tax preparers and suggestions on how to reduce tax compliance burden of companies. There are a number of features in the corporate income tax system that may affect the compliance requirement of taxpayers. Some of the features that are within the control of the tax authorities include the tax administration aspects, such as education and taxpayer services, along with the tax design aspects such as tax exemptions and incentives. Based on the qualitative analysis the following measures are laid out from the perspective of lowering compliance burden: (i) improve on the accountability and transparency in tax administration matters, (ii) simplification of tax incentive requirements and (iii) convergence of tax law with accounting standards in order to reduce discrepancy and tax adjustments.