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The impact on individuals or businesses of misreporting financial statements for tax avoidance from an accounting perspective / Aina Syazwani Mohd Isa and Saflina Azis

Financial statements serve as essential tools for individuals and businesses to understand their financial standing, encompassing income, expenses, assets, and liabilities. Once prepared, these statements undergo scrutiny by auditors. Subsequently, individuals and companies determine their tax oblig...

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Main Authors: Mohd Isa, Aina Syazwani, Azis, Saflina
Format: Article
Language:English
Published: Universiti Teknologi MARA, Negeri Sembilan 2024
Subjects:
L Education (General)
Online Access:https://ir.uitm.edu.my/id/eprint/105740/1/105740.pdf
https://ir.uitm.edu.my/id/eprint/105740/
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spelling my.uitm.ir.1057402024-11-11T09:27:00Z https://ir.uitm.edu.my/id/eprint/105740/ The impact on individuals or businesses of misreporting financial statements for tax avoidance from an accounting perspective / Aina Syazwani Mohd Isa and Saflina Azis Mohd Isa, Aina Syazwani Azis, Saflina L Education (General) Financial statements serve as essential tools for individuals and businesses to understand their financial standing, encompassing income, expenses, assets, and liabilities. Once prepared, these statements undergo scrutiny by auditors. Subsequently, individuals and companies determine their tax obligations for the assessment year, with higher income or profits resulting in increased taxable income. Taxation plays a pivotal role in a country's revenue generation, financing expenses, and national development, while also fostering income distribution equilibrium. However, certain entities attempt to evade taxes, leading to tax noncompliance, an ongoing challenge faced by tax administration bodies like the Inland Revenue Board of Malaysia (IRB). Many individuals and businesses resort to manipulating financial statements to minimize tax liabilities, commonly through practices like overstating expenses and understating income, known as "creative accounting." Tax noncompliance occurs when entities fail to fulfill tax obligations, such as registering, submitting tax forms, reporting accurate income, and paying taxes within specified periods. Studies indicate widespread involvement in tax non-compliance, with sole proprietorship businesses identified as significant ctax evasion contributors. Universiti Teknologi MARA, Negeri Sembilan 2024 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/105740/1/105740.pdf The impact on individuals or businesses of misreporting financial statements for tax avoidance from an accounting perspective / Aina Syazwani Mohd Isa and Saflina Azis. (2024) Buletin FPN S3 <https://ir.uitm.edu.my/view/publication/Buletin_FPN_S3/>, 7. ISSN 2805-4539
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic L Education (General)
spellingShingle L Education (General)
Mohd Isa, Aina Syazwani
Azis, Saflina
The impact on individuals or businesses of misreporting financial statements for tax avoidance from an accounting perspective / Aina Syazwani Mohd Isa and Saflina Azis
description Financial statements serve as essential tools for individuals and businesses to understand their financial standing, encompassing income, expenses, assets, and liabilities. Once prepared, these statements undergo scrutiny by auditors. Subsequently, individuals and companies determine their tax obligations for the assessment year, with higher income or profits resulting in increased taxable income. Taxation plays a pivotal role in a country's revenue generation, financing expenses, and national development, while also fostering income distribution equilibrium. However, certain entities attempt to evade taxes, leading to tax noncompliance, an ongoing challenge faced by tax administration bodies like the Inland Revenue Board of Malaysia (IRB). Many individuals and businesses resort to manipulating financial statements to minimize tax liabilities, commonly through practices like overstating expenses and understating income, known as "creative accounting." Tax noncompliance occurs when entities fail to fulfill tax obligations, such as registering, submitting tax forms, reporting accurate income, and paying taxes within specified periods. Studies indicate widespread involvement in tax non-compliance, with sole proprietorship businesses identified as significant ctax evasion contributors.
format Article
author Mohd Isa, Aina Syazwani
Azis, Saflina
author_facet Mohd Isa, Aina Syazwani
Azis, Saflina
author_sort Mohd Isa, Aina Syazwani
title The impact on individuals or businesses of misreporting financial statements for tax avoidance from an accounting perspective / Aina Syazwani Mohd Isa and Saflina Azis
title_short The impact on individuals or businesses of misreporting financial statements for tax avoidance from an accounting perspective / Aina Syazwani Mohd Isa and Saflina Azis
title_full The impact on individuals or businesses of misreporting financial statements for tax avoidance from an accounting perspective / Aina Syazwani Mohd Isa and Saflina Azis
title_fullStr The impact on individuals or businesses of misreporting financial statements for tax avoidance from an accounting perspective / Aina Syazwani Mohd Isa and Saflina Azis
title_full_unstemmed The impact on individuals or businesses of misreporting financial statements for tax avoidance from an accounting perspective / Aina Syazwani Mohd Isa and Saflina Azis
title_sort impact on individuals or businesses of misreporting financial statements for tax avoidance from an accounting perspective / aina syazwani mohd isa and saflina azis
publisher Universiti Teknologi MARA, Negeri Sembilan
publishDate 2024
url https://ir.uitm.edu.my/id/eprint/105740/1/105740.pdf
https://ir.uitm.edu.my/id/eprint/105740/
_version_ 1817847101721149440
score 13.223943

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