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Understanding the acceptance of special voluntary disclosure programme among company taxpayers

The Malaysian Ministry of Finance announced on 3 November 2018 on the implementation of the Special Voluntary Disclosure Programme (SVDP) which runs from 3 November 2018 until 30 September 2019. The programme aimed to provide taxpayers with the opportunity to make up for their previous underreported...

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Main Author: Fatin Hamamah, Idris
Format: Thesis
Language:English
English
English
Published: 2020
Subjects:
HJ4771.6 Income Tax. Tax Returns.
HJ Public Finance
Online Access:https://etd.uum.edu.my/9709/1/s825135_01.pdf
https://etd.uum.edu.my/9709/2/s825135_02.pdf
https://etd.uum.edu.my/9709/3/s825135_references.docx
https://etd.uum.edu.my/9709/
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spelling my.uum.etd.97092023-10-18T07:52:27Z https://etd.uum.edu.my/9709/ Understanding the acceptance of special voluntary disclosure programme among company taxpayers Fatin Hamamah, Idris HJ4771.6 Income Tax. Tax Returns. HJ Public Finance The Malaysian Ministry of Finance announced on 3 November 2018 on the implementation of the Special Voluntary Disclosure Programme (SVDP) which runs from 3 November 2018 until 30 September 2019. The programme aimed to provide taxpayers with the opportunity to make up for their previous underreported and undeclared income and offers a 10% – 15% lower penalty rate than the very serious 45% – 300% penalty that they pay after the expiry of the programme. The programme, with an estimated RM 10 billion, aims to attract at least one million taxpayers. Taxes and penalties totalling RM 7.01 billion were collected at the end of the programme. The programmed results were low in comparison to the IRBM (Inland Revenue Board Malaysia) targets. Therefore, this study was carried out to understand the company taxpayers’ acceptance towards SVDP used qualitative method. The findings of this study indicate that attitude of the company taxpayers lead to success in the SVDP, effective campaign related to the value of SVDP is necessary to raise awareness among the company taxpayer. Finally, trust between company taxpayers and IRBM is crucial and is the most powerful element in ensuring company taxpayers complies with the tax regulations. These findings would be beneficial input for IRBM for the next SVDP. 2020 Thesis NonPeerReviewed text en https://etd.uum.edu.my/9709/1/s825135_01.pdf text en https://etd.uum.edu.my/9709/2/s825135_02.pdf text en https://etd.uum.edu.my/9709/3/s825135_references.docx Fatin Hamamah, Idris (2020) Understanding the acceptance of special voluntary disclosure programme among company taxpayers. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
English
topic HJ4771.6 Income Tax. Tax Returns.
HJ Public Finance
spellingShingle HJ4771.6 Income Tax. Tax Returns.
HJ Public Finance
Fatin Hamamah, Idris
Understanding the acceptance of special voluntary disclosure programme among company taxpayers
description The Malaysian Ministry of Finance announced on 3 November 2018 on the implementation of the Special Voluntary Disclosure Programme (SVDP) which runs from 3 November 2018 until 30 September 2019. The programme aimed to provide taxpayers with the opportunity to make up for their previous underreported and undeclared income and offers a 10% – 15% lower penalty rate than the very serious 45% – 300% penalty that they pay after the expiry of the programme. The programme, with an estimated RM 10 billion, aims to attract at least one million taxpayers. Taxes and penalties totalling RM 7.01 billion were collected at the end of the programme. The programmed results were low in comparison to the IRBM (Inland Revenue Board Malaysia) targets. Therefore, this study was carried out to understand the company taxpayers’ acceptance towards SVDP used qualitative method. The findings of this study indicate that attitude of the company taxpayers lead to success in the SVDP, effective campaign related to the value of SVDP is necessary to raise awareness among the company taxpayer. Finally, trust between company taxpayers and IRBM is crucial and is the most powerful element in ensuring company taxpayers complies with the tax regulations. These findings would be beneficial input for IRBM for the next SVDP.
format Thesis
author Fatin Hamamah, Idris
author_facet Fatin Hamamah, Idris
author_sort Fatin Hamamah, Idris
title Understanding the acceptance of special voluntary disclosure programme among company taxpayers
title_short Understanding the acceptance of special voluntary disclosure programme among company taxpayers
title_full Understanding the acceptance of special voluntary disclosure programme among company taxpayers
title_fullStr Understanding the acceptance of special voluntary disclosure programme among company taxpayers
title_full_unstemmed Understanding the acceptance of special voluntary disclosure programme among company taxpayers
title_sort understanding the acceptance of special voluntary disclosure programme among company taxpayers
publishDate 2020
url https://etd.uum.edu.my/9709/1/s825135_01.pdf
https://etd.uum.edu.my/9709/2/s825135_02.pdf
https://etd.uum.edu.my/9709/3/s825135_references.docx
https://etd.uum.edu.my/9709/
_version_ 1781708417302265856
score 13.211869

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