EFFECTS OF OUTSOURCING MALAYSIAN FEDERAL TAX AUDIT : A QUANTITATIVE STUDY AMONG TAXPAYERS AND TAX PROFESSIONALS IN MALAYSIA / SEE JIA MIN.
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TextPublication details: Kuala Lumpur : Asia Pacific University, 2020Description: 114 pages : illustrations ; 30 cmSubject(s): Tax administration and procedure -- Malaysia | Tax auditing -- Malaysia | Auditing, Internal -- Contracting outLOC classification: PG-24-0174Online resources: Available in APres - Requires login to view full text. Dissertation note: A project submitted in partial fulfillment of the requirements of Asia Pacific University of Technology and Innovation for the degree of B.A. (Hons) in Accounting and Finance with a specialism in Taxation (UC3F1911AF(TAX)). Summary: The general objective of the study is to assess taxpayers' and tax professionals' agreement on the proposed benefits of outsourcing Malaysian federal tax audit to independent CPA firms, ascertaining the relationship between their views and whether or not IRB's tax audit function should be outsourced. Data collected is analysed using the multiple regression method, in order to assess and evaluate the relationship between whether or not IRBM's tax audit function should be outsourced and its 5 other determinants, namely, job opportunity, development of tax experts, pressure reduction, tax compliance, and burden of cost. In addition, the data was collected by distribution of questionnaires, specifically via Google Forms. The questionnaire was distributed to Malaysian taxpayers and tax professionals only.
A total of 88 responses were collected and the results found that each of the independent variables proposed in this study contribute uniquely and significantly to the question of whether IRBM's tax audit function should be outsourced, whereby job opportunity (t=3.003, p=.004); development of tax experts (t=3.244, p=.005); pressure reduction (t=3.027, p=.004), tax compliance (t=3.085, p=.008); and burden of cost (t=3.218, p=.005). It was also found that development of tax experts is the most significant determinant / support for whether tax audit should be outsourced. Lastly, it was obtained that all independent variables are able to explain % variance in whether IRBM's tax audit function should be outsourced.
Findings from this study should give rise to the identification of associated benefits and evidence of support for the outsource of IRBM's tax audit function. In the context of tax policies, this study provides IRBM an insight to alternatives that can be implemented to enhance overall efficiency in tax collection.
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APU Library Reference Collection | Undergraduate Theses | PG-24-0174 (Browse shelf (Opens below)) | 1 | Not for loan (Restricted access) | Available in APres | 00018749 |
Title on cover: EFFECTS OF MALAYSIAN FEDERAL TAX AUDIT : A QUANTITATIVE STUDY AMONG TAXPAYERS AND TAX PROFESSIONALS IN MALAYSIA
A project submitted in partial fulfillment of the requirements of Asia Pacific University of Technology and Innovation for the degree of B.A. (Hons) in Accounting and Finance with a specialism in Taxation (UC3F1911AF(TAX)).
The general objective of the study is to assess taxpayers' and tax professionals' agreement on the proposed benefits of outsourcing Malaysian federal tax audit to independent CPA firms, ascertaining the relationship between their views and whether or not IRB's tax audit function should be outsourced. Data collected is analysed using the multiple regression method, in order to assess and evaluate the relationship between whether or not IRBM's tax audit function should be outsourced and its 5 other determinants, namely, job opportunity, development of tax experts, pressure reduction, tax compliance, and burden of cost. In addition, the data was collected by distribution of questionnaires, specifically via Google Forms. The questionnaire was distributed to Malaysian taxpayers and tax professionals only.
A total of 88 responses were collected and the results found that each of the independent variables proposed in this study contribute uniquely and significantly to the question of whether IRBM's tax audit function should be outsourced, whereby job opportunity (t=3.003, p=.004); development of tax experts (t=3.244, p=.005); pressure reduction (t=3.027, p=.004), tax compliance (t=3.085, p=.008); and burden of cost (t=3.218, p=.005). It was also found that development of tax experts is the most significant determinant / support for whether tax audit should be outsourced. Lastly, it was obtained that all independent variables are able to explain % variance in whether IRBM's tax audit function should be outsourced.
Findings from this study should give rise to the identification of associated benefits and evidence of support for the outsource of IRBM's tax audit function. In the context of tax policies, this study provides IRBM an insight to alternatives that can be implemented to enhance overall efficiency in tax collection.
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