Understanding the acceptance of special voluntary disclosure programme among company taxpayers

• المؤلف الرئيسي: Fatin Hamamah, Idris
• التنسيق: أطروحة
• اللغة: English; English; English
• منشور في: 2020
• الموضوعات: HJ4771.6 Income Tax. Tax Returns.; HJ Public Finance
• الوصول للمادة أونلاين: 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/

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.