Taxing the self-employed
The self-employed taxpayers are the greatest source of concern to tax authorities around the world as far as voluntary compliance is concerned. This report looks at the problems encountered by the Inland Revenue Authority of Singapore in taxing the self-employed and the methods employed in ensur...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2015
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/63924 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | The self-employed taxpayers are the greatest source of concern to
tax authorities around the world as far as voluntary compliance is concerned.
This report looks at the problems encountered by the Inland Revenue
Authority of Singapore in taxing the self-employed and the methods employed
in ensuring compliance from this particular group of taxpayers. It will also
attempt to evaluate the adequacies of our present system of taxation with
respect to this group of taxpayers.
The major sources- of information for this report were from · the
conference proceedings of tax authorities of the various countries as well as
from journals and articles by both practitioners and academia. Informal
discussions with senior officers of the IRAS and self-employed taxpayers were
also carried out during the course of this project.
The study showed that our present mode of assessment leaves
much to be desired and that a switch to the self-assessment system might
prove to be more efficient due to better utilization of resources. |
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