The influence of international standards on SME tax compliance in Vietnam

Nguyen Vu Duy and Tien Quang Tran

Finance Research Letters, 2021, vol. 40, issue C

Abstract: Few studies consider whether firms should use international standards as a means to combat tax evasion. Using a fixed-effect instrumental variable approach for data from Vietnamese SMEs in the 2011–15 period, this paper finds that the application of international standards certification boosts tax compliance from private SMEs in Vietnam. This effect derives from several mechanisms operating in such a way that certified firms are more likely to engage in export and innovation than non-certified firms. Also, adherence to international standards increases the likelihood that formal accounting records will be kept, reducing the payment of bribes.

Keywords: International standards; Gender of director; Tax payment; SMEs (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:40:y:2021:i:c:s1544612320307479

DOI: 10.1016/j.frl.2020.101750

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