Guidelines for tax planning and management in the industrial sector for benefit to the organization
Year: 2025
Type: article
Abstract: Thailand's industrial business sector continues to incur a significant increase in fines due to additional tax payments. This study aimed to investigate guidelines for tax planning and management in the industrial sector for the benefit of the organization. The qualitative research was conducted through in-depth interviews with nine experts to develop the research instrument used in the quantitative research, and a focus group discussion with 11 experts was conducted to reach a consensus on the model. Moreover, data for the quantitative research survey were collected through questionnaires from 500 industrial organizations that submitted financial statements. Descriptive, referential, and multivariate statistics were employed for analysis. It was found that the guidelines for tax planning and management in the industrial sector, for the benefit of the organization, consisted of four components prioritized according to their arithmetic mean as follows: 1) Innovative Integration (= 4. 33), designing a practical online tax guide that is conveniently accessible via mobile devices, 2) Tax Procedure (= 4. 31) to promptly comply with summonses or directives from the Director General of the revenue summons, 3) Corporate Transformation (= 4. 30) which defines career growth pathways for personnel working in taxation, and 4) Taxation Awareness (= 4. 23) which involves reviewing tax reports for accuracy at least twice before presenting them to executives, staff, and shareholders for acknowledgment. Furthermore, hypothesis testing revealed that small and medium-sized enterprises and large businesses place significantly different levels of importance on strategies for tax planning and management in the industrial business sector for organizational benefit, with statistical significance at the 0.05 level. The analysis of the structural equation model indicated that it met the assessment criteria and was consistent with the empirical data. The calculated values for the probability of chi-square, the relative chi-square, the index of consistency, and the root mean squared error of approximation were 0. 157, 1. 1.095, 0. 959, and 0. 0.014, respectively.
DOI: 10.14419/bh2yfy75
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4410927185