Tax noncompliance of high net-worth individuals (HNWIS) in Malaysia : perspectives of tax professionals
Documented evidence has shown that a significant number of high net-worth individuals (HNWIs) whose contribution accounted for more than 11% of personal income tax collections has been caught in tax malfeasance over the period of 2009-2013 through Inland Revenue Board of Malaysia (IRBM) tax audits....
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| Format: | Article |
| Language: | en |
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Penerbit Universiti Kebangsaan Malaysia
2021
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| Online Access: | http://journalarticle.ukm.my/18449/1/50193-174574-1-PB.pdf http://journalarticle.ukm.my/18449/ https://ejournal.ukm.my/pengurusan/issue/view/1456 |
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| author | Natrah Saad, Abdulsalam Mas’ud, Saliza Abdul Aziz, Nor Aziah Abdul Manaf, Muhammad Aqbal Mashadi, |
| author_facet | Natrah Saad, Abdulsalam Mas’ud, Saliza Abdul Aziz, Nor Aziah Abdul Manaf, Muhammad Aqbal Mashadi, |
| author_sort | Natrah Saad, |
| building | Tun Sri Lanang Library |
| collection | Institutional Repository |
| content_provider | Universiti Kebangsaan Malaysia |
| content_source | UKM Journal Article Repository |
| continent | Asia |
| country | Malaysia |
| description | Documented evidence has shown that a significant number of high net-worth individuals (HNWIs) whose contribution accounted for more than 11% of personal income tax collections has been caught in tax malfeasance over the period of 2009-2013 through Inland Revenue Board of Malaysia (IRBM) tax audits. Notwithstanding this, very few attempts were made to understand the noncompliance behaviour of this group of taxpayers. Therefore, this article examines the influence of probability of detection, perceived severity of punishment, political affiliation, role of tax professionals, conditional cooperation, and vertical fairness on HNWIs’ noncompliance behaviour. For this purpose, a survey was conducted on tax professionals who had been dealing with HNWIs on their tax matters. Regression analysis through Partial Least Square reveals that the probability of detection, political affiliation and role of tax professionals have a significant influence on tax noncompliance behaviour among HNWIs. It is expected that the results will be of immense benefit to IRBM in understanding the perceived determinants of HNWIs tax noncompliance in Malaysia to formulate relevant strategies. |
| format | Article |
| id | my-ukm.journal.18449 |
| institution | Universiti Kebangsaan Malaysia |
| language | en |
| publishDate | 2021 |
| publisher | Penerbit Universiti Kebangsaan Malaysia |
| record_format | eprints |
| spelling | my-ukm.journal.184492022-04-18T02:34:28Z http://journalarticle.ukm.my/18449/ Tax noncompliance of high net-worth individuals (HNWIS) in Malaysia : perspectives of tax professionals Natrah Saad, Abdulsalam Mas’ud, Saliza Abdul Aziz, Nor Aziah Abdul Manaf, Muhammad Aqbal Mashadi, Documented evidence has shown that a significant number of high net-worth individuals (HNWIs) whose contribution accounted for more than 11% of personal income tax collections has been caught in tax malfeasance over the period of 2009-2013 through Inland Revenue Board of Malaysia (IRBM) tax audits. Notwithstanding this, very few attempts were made to understand the noncompliance behaviour of this group of taxpayers. Therefore, this article examines the influence of probability of detection, perceived severity of punishment, political affiliation, role of tax professionals, conditional cooperation, and vertical fairness on HNWIs’ noncompliance behaviour. For this purpose, a survey was conducted on tax professionals who had been dealing with HNWIs on their tax matters. Regression analysis through Partial Least Square reveals that the probability of detection, political affiliation and role of tax professionals have a significant influence on tax noncompliance behaviour among HNWIs. It is expected that the results will be of immense benefit to IRBM in understanding the perceived determinants of HNWIs tax noncompliance in Malaysia to formulate relevant strategies. Penerbit Universiti Kebangsaan Malaysia 2021 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/18449/1/50193-174574-1-PB.pdf Natrah Saad, and Abdulsalam Mas’ud, and Saliza Abdul Aziz, and Nor Aziah Abdul Manaf, and Muhammad Aqbal Mashadi, (2021) Tax noncompliance of high net-worth individuals (HNWIS) in Malaysia : perspectives of tax professionals. Jurnal Pengurusan, 63 . pp. 1-15. ISSN 0127-2713 https://ejournal.ukm.my/pengurusan/issue/view/1456 |
| spellingShingle | Natrah Saad, Abdulsalam Mas’ud, Saliza Abdul Aziz, Nor Aziah Abdul Manaf, Muhammad Aqbal Mashadi, Tax noncompliance of high net-worth individuals (HNWIS) in Malaysia : perspectives of tax professionals |
| title | Tax noncompliance of high net-worth individuals (HNWIS) in Malaysia : perspectives of tax professionals |
| title_full | Tax noncompliance of high net-worth individuals (HNWIS) in Malaysia : perspectives of tax professionals |
| title_fullStr | Tax noncompliance of high net-worth individuals (HNWIS) in Malaysia : perspectives of tax professionals |
| title_full_unstemmed | Tax noncompliance of high net-worth individuals (HNWIS) in Malaysia : perspectives of tax professionals |
| title_short | Tax noncompliance of high net-worth individuals (HNWIS) in Malaysia : perspectives of tax professionals |
| title_sort | tax noncompliance of high net-worth individuals (hnwis) in malaysia : perspectives of tax professionals |
| url | http://journalarticle.ukm.my/18449/1/50193-174574-1-PB.pdf http://journalarticle.ukm.my/18449/ https://ejournal.ukm.my/pengurusan/issue/view/1456 |
| url_provider | http://journalarticle.ukm.my/ |