Compliance of small and medium sized entities (SMEs) to National Internal Revenue Code (NIRC): towards a proposed tax awareness program/ Natividad V. Osorio. -- Parañaque City: Olivarez College, 2015.
Master Thesis
This study aimed to determine the compliance of Small and Medium - sized Entities (SMEs) to the basic tax requirements of the National Internal Revenue Code (NIRC) with an end view of designing an appropriate tax consultancy program. It utilized quantitative descriptive method of research using researcher - made tool that underwent validation with field specialists and CPAs among a total of 100 respondents from four (4) barangays located in Parañaque City. Respondents were selected using convenience sampling during the conduct of free seminars while some were visited in their business places. Hence, frequency count, percentage, rank and weighted mean were used to compute the data and thereby, derive answers to the given questions. This study revealed that just like in other business entities and in different geographic settings, SMEs' compliance with basic tax requirements of the NIR remains to be a perennial dilemma in Paranaque City in terms of tax collections among business enterprises due to insufficient awareness on the policy, specifically as regards NIRC rules requirements, trust in implementing agency, and BIR collection enforcement and imposition of penalty. This is where a proposed tax consultancy mechanism should come in. On the other hand, there is a need to strictly monitor tax regulation imposition by the BIR every quarter to ensure the latter's compliance.
Small and medium entities. Bureau of Internal Revenue. National Internal Revenue Code (NIRC).