UUM Electronic Theses and Dissertation
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Underreporting of income among companies: evidence of IRBM audit

Norazan, Ismail (2021) Underreporting of income among companies: evidence of IRBM audit. Masters thesis, Universiti Utara Malaysia.

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Abstract

IRBM is responsible to improve the taxpayers’ services as align with the global technology advancement in order to increase the revenue collection. One of the systems which known as Self-Assessment System (SAS) have been implemented since 2001 which gives the taxpayers the freedom to report their tax accordingly. However, underreporting of income among companies have still becoming the major concern of IRBM by the non-compliant taxpayers. This study is focusing on four characteristics which are, location, size of tax agent, type of industry and strategies of understating of income in tax underreporting. Resulting from the study conducted, the corporate tax avoidance issue has associated positively by location, industry type and strategies of the understating of income in tax underreporting. Taxpayers made tax savings if they successfully evade their actual tax. However, taxpayer will be charged with higher penalties once detected. Taxpayers will be facing a fixed penalty rate when caught evading tax by IRBM desk audit and field audit which resulting in additional tax collection as the revenue collection which can be used to improve to livelihood of the public.

Item Type: Thesis (Masters)
Supervisor : Abdul Aziz, Saliza
Item ID: 9561
Uncontrolled Keywords: corporate tax avoidance, Official Assessment System, underreporting, penalties
Subjects: H Social Sciences > HJ Public Finance > HJ4771.6 Income Tax. Tax Returns.
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Date Deposited: 28 Jun 2022 06:33
Last Modified: 28 Jun 2022 06:33
Department: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Name: Abdul Aziz, Saliza
URI: https://etd.uum.edu.my/id/eprint/9561

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