Factors Affecting Tax Compliance Among Real Estate Owners in Kenya, Busia Township, Busia County
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Date
2022-09-01
Authors
Talam, Sylvia
Journal Title
Journal ISSN
Volume Title
Publisher
KESRA/JKUAT - Unpublished research project
Abstract
Taxes have a very vital part in the Budget of every country’s bargain and one the key motives as to why Governments impose taxes is to create revenue distribute and manage resources. However, its hard task to persuade all taxpayers to pay taxes. The Government of Kenya has been having a continuously increasing Budget in the recent years in terms of Government expenditure. This is an indicator that the Government has to partake well-organized tax structure in order to fund this budget. The real estate sector being among the fastest emergent sectors is set to contribute a lot to the total revenue collected. This study explicitly seeks to investigate the influence of compliance cost, tax knowledge and education, and fines and penalties on tax compliance among real estate owners in Kenya. The study was directed by economic deterrence theory, Fischer theory and theory of planned behaviour. This study seeks to reach out to a sample size of 178 respondents. A structured questionnaire was the chief instrument of data collection. The data will then be analysed quantitatively by means of descriptive and inferential statistics. The real estate owners will understand and appreciate the significance of voluntary tax compliance hence be able to reduce of non-compliance costs that could have otherwise arise. This study will also improve the Government to enable tax system more competent and increase compliance.
The study implemented a descriptive research design in which a sample size of 178 respondents who were picked through random sampling. Primary data was gathered from respondents by way of a questionnaire. The data was analysed and presented in tables, pie charts as well as histograms. Regression was also piloted to form the relationship amid tax compliance among real estate owners in Kenya. The findings indicate there was significant positive relationship among the components of tax knowledge and education and tax fine and penalties with tax compliance among real estate owners in Kenya. The study commends that tax compliance need to incorporate all the KRA department into the system to enable them to advance tax compliance among real estate owners in Kenya.
Description
Tax Administartion
Keywords
Tax Compliance