The corporate income tax compliance costs of small and medium enterprises in Thailand

Resource Information

The work The corporate income tax compliance costs of small and medium enterprises in Thailand represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

The corporate income tax compliance costs of small and medium enterprises in Thailand

Creator

• Chunhachatrachai, P
• Pope, J

Subject

• tax compliance
• compliance costs
• SME

Language

eng

Summary

This study is the first to estimate the corporate income tax compliance costs for small and medium enterprises (SMEs) in Thailand. SMEs are an important aspect in Thailand's economy and account for 99.6 per cent of all enterprises. The analysis undertaken is based upon 210 usable responses (a response rate of around 10 per cent) to a questionnaire that essentially follows the Sandford compliance cost assessment model. The main finding is that the estimated corporate income tax compliance costs for SMEs in Thailand in the tax year 2010 are TBH 260,353 (around USD 7,700 or NZD 10,400). These compliance costs are considered to be high and a significant burden upon SMEs in Thailand. They follow the ususal regressive pattern, with particular severity upon the smallest businesses, and SMEs in the north region incur costs well above the country's average. A better tax policy that not only recognises the burden of tax compliance costs but actually reduces their impact upon SMEs is recommended. Although incidental to the main findings of this timely research, a revised definition of SMEs to replace the rather cumbersome current definition is also recommended

Citation source

In: New Zealand journal of taxation law and policy. - Wellington. - Vol. 18 (2012),

Geographic coverage

Asia

Language note

English