Effects of Tax Planning Efficiency on Competitiveness of Board of Investment Firms in Thailand
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Published:
Apr 29, 2020
Keywords:
Tax planning efficiency, Competitiveness, Government support, Board of Investment Firms
Main Article Content
Abstract
The purposes of this research were 1) to verify the effects of tax planning efficiency on competitiveness of Board of Investment Firms (BOI) in Thailand and 2) to test the effects of government support on the relationship between tax planning efficiency and competitiveness of BOI firms in Thailand. A questionnaire was used for collecting data from 165 executive accountants of BOI firms in Thailand. The statistics used for analyzing the collected data were multiple correlation analysis and multiple regression analysis. The results of the research revealed that 1) tax planning efficiency, in the aspects of maximized tax benefit, prevent contingent liabilities, and minimized cost had positive relationships and impacts on competitiveness and 2) government support had not impact on the relationship between tax planning efficiency and competitiveness. The contribution of this research is a guideline to identify tax planning policy, including pay attention and follow new update tax law continuously, and then it will be maximized tax benefit and minimized tax cost efficiently. It results in enhance competitiveness finally.
Article Details
How to Cite
Prempanichnukul, V. (2020). Effects of Tax Planning Efficiency on Competitiveness of Board of Investment Firms in Thailand. WMS Journal of Management, 9(2), 72–85. Retrieved from https://so06.tci-thaijo.org/index.php/wms/article/view/241855
Section
Research Articles-Academic Articles
References
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Srichanapun, P. (2012). Leadership Styles, Management Accounting Systems on Managerial Performance. Lampang Rajabhat University Journal, 1(1), 37-48.
Srisa-ard, B. (2017). kānwičhai bư̄angton. [Introduction of Research]. (10th ed.). Bangkok, Thailand: Suwiriyasan.
Sutthichan, S and Suteeraroj, M. (2012). Factors Affected of Competitive Advantage of Gems and Jewelry Export Industries in Thailand. Nakhon Phanom University Journal, 2(2), 39-45.
Tawisaprakit, P. (2016). thritsadī thān khwāmrū khō̜ng ʻongkān. [Knowledge-Based Theory]. Retrieved from https://www.gotoknow.org/posts/600507.
Thairuakham, S. (2005). rabīap withī wičhai samrap manutsayasāt læ sangkhommasāt. [Research Methodology for Humanities and Social Sciences]. (3rd ed.). Mahasarakham, Thailand: Mahasarakham Press.
The Board of Investment of Thailand. (2019). khūmư̄ kān khō̜rap kān songsœ̄m kānlongthun. [A Guide to The Board of
Investment]. Retrieved from.
https://www.boi.go.th/upload/content/BOI_A_Guide_TH.pdf.
Black, K. (2006). Business Statistics for Contemporary Decision Making. (4thed). USA: John Wiley & Sons.
Bangkokbiznew.com. (2019). ʻēkkachon čhī phœ̄m sitthibīʻōʻai. Retrieved from https://www.bangkokbiznews.com/news/detail/840709.
Bawonkunwat, W. (2011). kānsưksā khwāmsāmāt nai kān khǣngkhan læ sakkayaphāp chœ̄ng lưk khō̜ng ʻutsāhakam yāng thammachāt nai prathēt Thai. (Master’s Thesis, Thammasat University, Bangkok, Thailand)
Boonphunga, J. (2019). The Impact of Tax Management Innovation on Organizational Success of Real Estate Development Businesses in Bangkok. (Master’s Thesis, Mahasarakham University, Thailand).
Chang, S. (2005). The TFT-LCD Industry in Taiwan : Competitive Advantages and Future Developments. Technovation, 27(2),199-215.
Chiarakul, T., Phanomleatmongkol, N., & Pomsuwan, S. (2016). The Thai Condiment Entrepreneurs’ Competency to the Market Competition in the ASEAN Economic Community (AEC): Management Factors. BU ACADEMIC REVIEW, 15(1), 1-13.
Futrakun, U. (2014). sưksā prīapthīap khrōngsāng phāsīʻatusāhakam yān yon khō̜ng prathēt Thai kap prathēt ʻĀsīan. (Foreign Affairs Executive Programme, Devawongse Varopakarn Institute of Foreign Affairs).
Gautam, S. (2013). Income Tax Planning: A Study of Tax Saving Instruments. International Journal of Management and Social Sciences Research,2(5), 83 – 91.
Hamontree, A. (2015). kānsāng khwām daiprīap thāngkān khǣngkhan. [Competitive Advantage Creation]. Retrieved from. http://ektawangm301.blogspot.com.
Hanmongkhon, K. (2007). Opinion of Entrepreneurs on Taxprivileges for Investment in Nortern Region Industrial Estate, Lamphun Province. (Master’s Thesis, Chiang Mai University, Thailand).
Jeenkerdsup, B., & Paopun, N. (2016). A Study of the Competitive Ability of Thai Orchid Exporter Business. Journal of Management and Marketing of Rajamangala University of Technology Thanyaburi,3(1), 99 – 116.
Kamolsirinant, C. (2006). panhā samrap kitčhakān thī dai rap kān songsœ̄m kānlongthun nai dān phāsī ʻākō̜n tām pramūan ratsadākō̜n. [Problem in Taxation for Revenue Code of The Board of Investment]. (Master’s Independent Study, Thammasat University, Bangkok, Thailand).
Monsuwan, K. (2012). Effects of strategic tax planning efficiency on competitiveness of hotel business in Thailand. (Master’s Thesis, Mahasarakham University, Thailand).
National Innovation Agency. (2015). sakkayaphāp thāngkān khǣngkhan. [Competitiveness]. Retrieved from https://www.facebook.com/NIAThailand/posts/838827629487898/.
National Science Technology and Innovation Policy Office. (2017). rāingān phonlakā rasamrawa čhō̜kā rawi čhai læ phatthanā nai phāk ʻutsāhakam khō̜ng prathēt Thai pračham pī sō̜ngphanhārō̜ihāsipkāo. [Report of Research and Development Survey in Industry Section of Thailand in 2017]. Retrieved from. https://rdisurvey2016.weebly.com.
Nunnally, J. C. (1978). Psychometric Theory. (2nd ed.). New York: McGraw-Hill.
Pongpasuth, A. (2013). konlayut kānwāngphǣn phāsī khan sūng. [Advanced Tax Planning and Strategy]. (2nd ed.). Bangkok, Thailand: Chuanphim.
Pongpitak, S. (2007). sitthi prayōt thāng phāsī sanphākō̜n. [Revenue Tax Benefit]. Retrieved from www.rd.go.th/region3/fileadmin/document/Tax_Benefit_2007.ppt.
Pongpitak, S. (2014). nǣothāng kānwāngphǣn phāsī. [Guideline for Tax Planning]. Retrieved from https://www.facebook.com/ Suthep.Pongpitak/posts/832990210085290.
Prempanichnukul, V. (2018). Effects of Corporate Income Tax Planning on Corporate Image of SMEs in Thailand. Journal of Accountancy and Management, 10(4), 1-16.
Prempanichnukul, V. (2019). Tax Planning (Adjusted 2019). Mahasarakham, Thailand: The Print MBS.
Raisanguan, N., Puangpronpitag, S., & Pansuppawatt, A. (2014). Effects of Tax Management Effectiveness on Profitability of Spare and Parts Manufacturing Businesses in Thailand. Journal of Accountancy and Management, 6(2), 43 – 52.
Rattanakityon, T. (2014). Case Study Problem of Practice with a Law and the Law Tax Intensive to the Revenue Code for the Board of Investment Promotion Business in Case the Industrial Authority of Bangpoo. Siam Academic Review, 10(2), 31 – 37.
Rotkhurisathian, S., Sapprung, K., Thanyawong, R., & Chairaksa, P. (2018). sutyō̜t konlayut kānwāngphǣn phāsī ngœ̄ndai nitibukkhon. [The Best of Corporate Income Tax Planning Strategy]. Bangkok, Thailand: Dharmniti Press.
Sakunwat, T. (2016). khwām daiprīap nai kān khǣngkhan khō̜ng ʻongkō̜n nai yuk sētthakit dičhitō̜n [Competitive Advantage in Digital Economy]. Retrieved from https://www.bangkokbiznews.com/blog/detail/639646
Siriprapanukul, P. (2012). rabop phāsī phư̄a lot khwāmlư̄amlam. [Tax System for Deleting Inequality]. Retrieved from. http://v-reform.org/wp-content/uploads/2012/09/pawin-all.pdf.
Srichanapun, P. (2012). Leadership Styles, Management Accounting Systems on Managerial Performance. Lampang Rajabhat University Journal, 1(1), 37-48.
Srisa-ard, B. (2017). kānwičhai bư̄angton. [Introduction of Research]. (10th ed.). Bangkok, Thailand: Suwiriyasan.
Sutthichan, S and Suteeraroj, M. (2012). Factors Affected of Competitive Advantage of Gems and Jewelry Export Industries in Thailand. Nakhon Phanom University Journal, 2(2), 39-45.
Tawisaprakit, P. (2016). thritsadī thān khwāmrū khō̜ng ʻongkān. [Knowledge-Based Theory]. Retrieved from https://www.gotoknow.org/posts/600507.
Thairuakham, S. (2005). rabīap withī wičhai samrap manutsayasāt læ sangkhommasāt. [Research Methodology for Humanities and Social Sciences]. (3rd ed.). Mahasarakham, Thailand: Mahasarakham Press.
The Board of Investment of Thailand. (2019). khūmư̄ kān khō̜rap kān songsœ̄m kānlongthun. [A Guide to The Board of
Investment]. Retrieved from.
https://www.boi.go.th/upload/content/BOI_A_Guide_TH.pdf.