Competency of Malaysian Salaried Individuals in Relation to Tax Compliance under Self Assessment
Ern Chen Loo and Juan Keng Ho
Taxation from ATAX, University of New South Wales
Abstract:
Salaried individuals in Malaysia will commence to comply with the self assessment system when they file tax returns on income derived in the year 2004. However, under the self assessment regime, salaried individuals need to possess some fundamental tax knowledge to file appropriate returns. This study examines white collar salaried individuals’ tax knowledge, particularly in relation to chargeable income and exemptions as well as relief, rebates and tax credits that are generally available to individual taxpayers. The findings reveal that a majority of those surveyed are not able to identify the correct year for which a given income should be chargeable and do not know of the chargeability or exemption of certain income. Besides the personal relief for self, relief for a wife and some relief for children, most do not know of the other relief, rebates and tax credits available, and are not aware of the options available in relation to joint assessment. Although the majority of the respondents had tertiary education, the findings also reveal that they do not possess adequate knowledge on matters pertaining to personal taxation. As such they may lack the competency to file appropriate tax returns under the self assessment system.
Keywords: self assessment; Malaysia; tax compliance (search for similar items in EconPapers)
Pages: 18 pages
Date: 2005-06-29
New Economics Papers: this item is included in nep-acc
References: Add references at CitEc
Citations:
Downloads: (external link)
http://www.atax.unsw.edu.au/ejtr
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.atax.unsw.edu.au/ejtr [302 Moved Temporarily]--> https://www.atax.unsw.edu.au:443/ejtr)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:nsw:discus:313
Ordering information: This working paper can be ordered from
http://www.atax.unsw.edu.au/research
Access Statistics for this paper
More papers in Taxation from ATAX, University of New South Wales Contact information at EDIRC.
Bibliographic data for series maintained by Research Assistant ( this e-mail address is bad, please contact ).