The self-assessment system and its compliance costs / Muzainah Mansor, Natrah Saad and Idawati Ibrahim

The self-assessment system has been implemented on companies since 2001 as to replace the former official assessment system. As such, procedural issues and compliance cost associated with the new assessment system are of significant interest to the taxpayers. This study was conducted in the year 200...

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Main Authors:	Mansor, Muzainah, Saad, Natrah, Ibrahim, Idawati
Format:	Article
Language:	English
Published:	Faculty of Accountancy 2004
Subjects:	Malaysia Tax assessment
Online Access:	http://ir.uitm.edu.my/id/eprint/11684/ http://ir.uitm.edu.my/id/eprint/11684/1/AJ_MUZAINAH%20MANSOR%20NARJ%2004%201.pdf

id	uitm-11684
recordtype	eprints
spelling	uitm-116842016-09-21T04:55:33Z http://ir.uitm.edu.my/id/eprint/11684/ The self-assessment system and its compliance costs / Muzainah Mansor, Natrah Saad and Idawati Ibrahim Mansor, Muzainah Saad, Natrah Ibrahim, Idawati Malaysia Tax assessment The self-assessment system has been implemented on companies since 2001 as to replace the former official assessment system. As such, procedural issues and compliance cost associated with the new assessment system are of significant interest to the taxpayers. This study was conducted in the year 2002 i.e. after one year the self-assessment system for companies has been put into practice. It focuses on the compliance cost in terms of the time spent by the taxpayers. In the study, time spent is used to measure the increment of compliance cost since time devoted to compliance activities is very much associated with the cost incurred. The respondents in this study are the small and medium enterprises (SMEs) and the tax agents in the northern region i.e. Perlis, Kedah and Penang. As this is an exploratory study, the researchers used convenience sampling, which enabled them to get fifty-six SMEs and forty-five tax agents in the stated area. From the survey on the SMEs, the findings reflected that the most prominent variable is the time spent for discussion with tax agents (78.83 percent), which represented the major source of increment in compliance cost under the new system, followed by learning the new tax laws (55.40 percent); paying taxes (50.00 percent); record-keeping (48.20 percent); and answering IRB queries (44.70 percent). Meanwhile, 90.00 percent of the tax agents suggested that there was an increase in time spent under the new system for the total hours spent in complying with the new system, learning the new tax laws, preparing tax returns, and discussion with clients. Only 63.70 percent of them implied that there was an increase in time spent in answering IRB queries. Faculty of Accountancy 2004 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/11684/1/AJ_MUZAINAH%20MANSOR%20NARJ%2004%201.pdf Mansor, Muzainah and Saad, Natrah and Ibrahim, Idawati (2004) The self-assessment system and its compliance costs / Muzainah Mansor, Natrah Saad and Idawati Ibrahim. National Accounting Research Journal, 2 (1). pp. 1-16. ISSN 1675-753X
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Malaysia Tax assessment
spellingShingle	Malaysia Tax assessment Mansor, Muzainah Saad, Natrah Ibrahim, Idawati The self-assessment system and its compliance costs / Muzainah Mansor, Natrah Saad and Idawati Ibrahim
description	The self-assessment system has been implemented on companies since 2001 as to replace the former official assessment system. As such, procedural issues and compliance cost associated with the new assessment system are of significant interest to the taxpayers. This study was conducted in the year 2002 i.e. after one year the self-assessment system for companies has been put into practice. It focuses on the compliance cost in terms of the time spent by the taxpayers. In the study, time spent is used to measure the increment of compliance cost since time devoted to compliance activities is very much associated with the cost incurred. The respondents in this study are the small and medium enterprises (SMEs) and the tax agents in the northern region i.e. Perlis, Kedah and Penang. As this is an exploratory study, the researchers used convenience sampling, which enabled them to get fifty-six SMEs and forty-five tax agents in the stated area. From the survey on the SMEs, the findings reflected that the most prominent variable is the time spent for discussion with tax agents (78.83 percent), which represented the major source of increment in compliance cost under the new system, followed by learning the new tax laws (55.40 percent); paying taxes (50.00 percent); record-keeping (48.20 percent); and answering IRB queries (44.70 percent). Meanwhile, 90.00 percent of the tax agents suggested that there was an increase in time spent under the new system for the total hours spent in complying with the new system, learning the new tax laws, preparing tax returns, and discussion with clients. Only 63.70 percent of them implied that there was an increase in time spent in answering IRB queries.
format	Article
author	Mansor, Muzainah Saad, Natrah Ibrahim, Idawati
author_facet	Mansor, Muzainah Saad, Natrah Ibrahim, Idawati
author_sort	Mansor, Muzainah
title	The self-assessment system and its compliance costs / Muzainah Mansor, Natrah Saad and Idawati Ibrahim
title_short	The self-assessment system and its compliance costs / Muzainah Mansor, Natrah Saad and Idawati Ibrahim
title_full	The self-assessment system and its compliance costs / Muzainah Mansor, Natrah Saad and Idawati Ibrahim
title_fullStr	The self-assessment system and its compliance costs / Muzainah Mansor, Natrah Saad and Idawati Ibrahim
title_full_unstemmed	The self-assessment system and its compliance costs / Muzainah Mansor, Natrah Saad and Idawati Ibrahim
title_sort	self-assessment system and its compliance costs / muzainah mansor, natrah saad and idawati ibrahim
publisher	Faculty of Accountancy
publishDate	2004
url	http://ir.uitm.edu.my/id/eprint/11684/ http://ir.uitm.edu.my/id/eprint/11684/1/AJ_MUZAINAH%20MANSOR%20NARJ%2004%201.pdf
first_indexed	2023-09-18T22:48:25Z
last_indexed	2023-09-18T22:48:25Z
_version_	1777417380546215936

The self-assessment system and its compliance costs / Muzainah Mansor, Natrah Saad and Idawati Ibrahim

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