Concerns and Considerations in Government Tax Assessment Procedures

This research encapsulates the key findings from a survey encompassing 350 enterprises that sheds light on prevailing concerns regarding the government's tax assessment procedures. The survey revealed that the current approach to evaluating tax burdens has raised multiple apprehensions within the business, investment, and project development sectors.

• Concerns Regarding Tax Burden Evaluation: More than 66% of respondents expressed dissatisfaction with the government's ability to attract investments due to inadequate tax burden evaluation. This deficiency in assessment was seen as a major hindrance to potential investments, affecting businesses' willingness to expand within these sectors.

• Inconsistency in Tax Burden Scrutiny: Over 72% of participants conveyed their dissatisfaction with the lack of consistency in the government's scrutiny of tax burdens. This inconsistency led to complications in tax payments for both business proprietors and employees, causing operational challenges and financial stress.

• Diverse Perspectives on Government Efforts: While 33% of respondents appreciated the government's efforts to promote business, investment, and project development through favorable assessments, only 1% remained neutral on the issue. In contrast, a substantial 69% rejected the idea of considering the scale of businesses and investments when determining tax collection levels, posing a significant hurdle in tax management.

• Call for Comprehensive Assessment and Economic Consideration: The survey highlighted a demand from 31% of participants for the government to analyze tax burdens across various business revenue spectrums. Additionally, 80% of respondents pointed out that the government often overlooked the impact of businesses' longevity and economic disparities when calculating taxes.

• Geographical Implications on Tax Estimates: A remarkable 89% of respondents noted that tax estimates did not align with the geographic placement of companies, investments, or project developments. This misalignment resulted in challenges for enterprises and a subsequent decline in revenue, emphasizing the need for geographic context in tax assessments.

• Path Forward: Enhancing Tax Evaluation Methodologies: The study underscores the urgency of addressing these concerns to improve tax evaluation methodologies. Consideration of factors such as business scope, age, industry segments, economic expansion, and geographical aspects is crucial. Addressing these concerns could contribute to creating a more conducive economic environment and bolstering business achievements.

The survey showcases the vital need for the government to reassess its tax assessment procedures. By addressing the highlighted concerns and taking into account various influencing factors, including economic growth and geographic nuances, a more favorable economic landscape can be nurtured, fostering enhanced business prosperity and investment attraction.