An exploratory study of users' perceptions on tax disclosure in annual reports of Malaysian companies

An exploratory study of users' perceptions on tax disclosure in annual reports of Malaysian companies

The annual report is an important document that provides key information for different range of stakeholders to understand a company’s performance. Users of financial reporting commonly access to the tax information from the companies’ annual report to make decisions. This study is carried out to ex...

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Main Author: Nurul Afza, Abd Rashid
Format: Thesis
Language:eng
eng
Published: 2017
Subjects:
HF5601-5689 Accounting
Online Access:https://etd.uum.edu.my/6750/1/s814467_01.pdf
https://etd.uum.edu.my/6750/2/s814467_02.pdf
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id my-uum-etd.6750
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Mat Udin, Noraza
topic HF5601-5689 Accounting
spellingShingle HF5601-5689 Accounting
Nurul Afza, Abd Rashid
An exploratory study of users' perceptions on tax disclosure in annual reports of Malaysian companies
description The annual report is an important document that provides key information for different range of stakeholders to understand a company’s performance. Users of financial reporting commonly access to the tax information from the companies’ annual report to make decisions. This study is carried out to explore the user’s perceptions pertaining to the tax disclosure in the annual reports of listed companies in Malaysia. The main objectives is to determine user’s perception on the importance of tax disclosure, current tax disclosure and usefulness of more tax disclosure. This study also to identify any differences between users and their perceptions on level of tax disclosure knowledge. Findings from this study show that tax information disclosed by Malaysia Company’s annual report is limited. Stakeholder as user of annual report agreed that tax disclosure section is an important part for tax information as annual report is the main sources of company tax information available to stakeholders. Thus, more tax information is needed to be disclosed in annual report. Stakeholder believes that tax disclosure is beneficial in facilitating decision making. Tax professional and IRBM officer as the major groups of respondent in this study believe that tax disclosure helps tax authorities in handling their tax audit. With more tax information disclosed in annual report, companies’ tax practices will be discussed in detail and thus increased the tax transparency. In conclusion, this study found that users of annual reports in Malaysia perceive that tax disclosure is an important part of accounting disclosure in the annual reports but it is still, not detail and too technical to be interpreted. Users of annual reports in Malaysia also agreed that more tax disclosure would be useful for stakeholders to comprehend tax matters of the companies. In short, users perceive that relevant and sufficient tax disclosure would improve the quality of the annual reports of Malaysian companies as well as enhancing its transparency.
format Thesis
qualification_name masters
qualification_level Master's degree
author Nurul Afza, Abd Rashid
author_facet Nurul Afza, Abd Rashid
author_sort Nurul Afza, Abd Rashid
title An exploratory study of users' perceptions on tax disclosure in annual reports of Malaysian companies
title_short An exploratory study of users' perceptions on tax disclosure in annual reports of Malaysian companies
title_full An exploratory study of users' perceptions on tax disclosure in annual reports of Malaysian companies
title_fullStr An exploratory study of users' perceptions on tax disclosure in annual reports of Malaysian companies
title_full_unstemmed An exploratory study of users' perceptions on tax disclosure in annual reports of Malaysian companies
title_sort exploratory study of users' perceptions on tax disclosure in annual reports of malaysian companies
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2017
url https://etd.uum.edu.my/6750/1/s814467_01.pdf
https://etd.uum.edu.my/6750/2/s814467_02.pdf
_version_ 1747828111411511296
spelling my-uum-etd.67502021-08-18T04:41:47Z An exploratory study of users' perceptions on tax disclosure in annual reports of Malaysian companies 2017 Nurul Afza, Abd Rashid Mat Udin, Noraza Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5601-5689 Accounting The annual report is an important document that provides key information for different range of stakeholders to understand a company’s performance. Users of financial reporting commonly access to the tax information from the companies’ annual report to make decisions. This study is carried out to explore the user’s perceptions pertaining to the tax disclosure in the annual reports of listed companies in Malaysia. The main objectives is to determine user’s perception on the importance of tax disclosure, current tax disclosure and usefulness of more tax disclosure. This study also to identify any differences between users and their perceptions on level of tax disclosure knowledge. Findings from this study show that tax information disclosed by Malaysia Company’s annual report is limited. Stakeholder as user of annual report agreed that tax disclosure section is an important part for tax information as annual report is the main sources of company tax information available to stakeholders. Thus, more tax information is needed to be disclosed in annual report. Stakeholder believes that tax disclosure is beneficial in facilitating decision making. Tax professional and IRBM officer as the major groups of respondent in this study believe that tax disclosure helps tax authorities in handling their tax audit. With more tax information disclosed in annual report, companies’ tax practices will be discussed in detail and thus increased the tax transparency. In conclusion, this study found that users of annual reports in Malaysia perceive that tax disclosure is an important part of accounting disclosure in the annual reports but it is still, not detail and too technical to be interpreted. Users of annual reports in Malaysia also agreed that more tax disclosure would be useful for stakeholders to comprehend tax matters of the companies. In short, users perceive that relevant and sufficient tax disclosure would improve the quality of the annual reports of Malaysian companies as well as enhancing its transparency. 2017 Thesis https://etd.uum.edu.my/6750/ https://etd.uum.edu.my/6750/1/s814467_01.pdf text eng public https://etd.uum.edu.my/6750/2/s814467_02.pdf text eng public masters masters Universiti Utara Malaysia Abahoonie, E., DcFoo, J., Dunner, K., & Schmitt, J. (2013, December). Tax Accounting Services-Income Tax Disclosure. PWC-Tax Accounting Services, pp. pp. 1-18. Abdullah, M., & Minhat, M. (2013). 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