Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)

Abstract

Tax Compliance of Small and Medium Enterprises through the Self-Assessment System: Issues and Challenges

Author(s): Newman Wadesango, Mutema A, Mhaka C, Wadesango VO

The study examined tax compliance of small and medium enterprises (SME) in a developing country. This study reviewed literature on tax compliance and tax systems. The study explored a scholarly review of the main factors affecting small and medium enterprises to compliance through the Self-assessment system (SAS). All relevant data being combined into information was revealed in this study ascertaining all the components which need to be clarified about self-assessment and its implications on tax compliance. The conclusions of the study showed that in developing countries, SAS needs to take note of the many factors that cause noncompliance other than tax knowledge. A relationship between taxpayer and tax collector is also influenced by economic and psychological factors.