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Abstract
Corporate tax compliance has been an interest of policymakers in many countries. Taxes contribute the most to the government’s revenues in Vietnam in general and in Hung Yen in particular. Therefore, tax compliance of enterprises, including SMEs, attracts special concern of the Government and many localities. The objective of this study is to evaluate factors affecting tax compliance by examining 310 managers, tax accountants and accountants at SMEs in Hung Yen province. The survey data is collected by the statistical software SPSS 20. The experimental research results confirm that factors (the possibility of tax inspection, tax rates, tax penalties, and the complexity of tax policy, social norms and tax knowledge) have different influences on tax compliance in SMEs in Hung Yen province, Vietnam.
Highlights
Taxes are considered the main source of the state’s budget revenues
The study has conducted an empirical analysis of six factors affecting tax compliance using SPSS 20 statistical software
The research results confirm that the complexity of tax policy is the most important and decisive factor affecting tax compliance of small and medium-sized enterprises (SMEs)
Summary
Taxes are considered the main source of the state’s budget revenues. Taxation is an important tool for the state to regulate the macro economy, promote investments, control inflation, protect domestic production, conduct production and consumption, and redistribute wealth and income in the society. In Vietnam, the Government is always concerned about the tax administration, especially tax obligations of enterprises, because taxes are the most important revenues and contribute the most to the total state budget revenues. Hung Yen gained the total state budget revenue of 16,250 billion VND, reached 109.3% of the plan, increased 1.27% (Hung Yen Provincial People’s Committee, 2020a) in 2020, and the main sources of revenues were from taxes and fees. There are some revenues and taxes accounting for a large proportion of the total state budget revenues have not been completed as planned (Hung Yen Provincial People’s Committee, 2020b). This study gives some implications to increasing tax compliance of SMEs in Hung Yen province, Vietnam
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