A Practical Method in Taxing E-commerce Transactions via Payment Gateway: The Role of Payment Service Providers

• 영문명: A Practical Method in Taxing E-commerce Transactions via Payment Gateway: The Role of Payment Service Providers
• 발행기관: People & Global Business Association
• 저자명: Nur Ashikin Ishak Mohd Rizal Palil Siti Fatimah Abdul Rashid Norul Syuhada Abu Hassan
• 간행물 정보: 『Global Business and Finance Review』Vol.29 No.6, 1~16쪽, 전체 16쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 2024.07.31

국문 초록

Purpose: This study aims to propose a potential tax model for taxing e-commerce transactions in Malaysia. Design/methodology/approach: A qualitative approach was employed in this study to unravel methods for taxing e-commerce transactions in Malaysia by interviewing key policymakers, tax authorities, and tax practitioner representatives. Findings: The findings revealed that the Malaysian government should deploy the Payment Service Providers (PSP) Tax Model to tax e-commerce transactions effectively, particularly in the Malaysian e-commerce market. This study suggests that reintroducing the Goods and Services Tax, amending and empowering the Income Tax Act 1967, and enhancing data sharing between government agencies are essential to facilitate the trail of e-commerce transactions and the taxation process. Research limitations/implications: This study proposes a tax model that can be implemented to tax e-commerce transactions in Malaysia, as Malaysia must establish collection methods to ensure the viability and sustainability of national income. Nevertheless, this study is limited by methodology, timing and scope. Therefore, future studies are suggested to:- i) obtain information from the payment service providers to gain a broader perspective on the proposed tax model to ensure its successful implementation and ii) evaluate the PSP Tax Model and provide a comprehensive view of its viability and feasibility. Originality/value: This study contributes significantly to authorities and policymakers by identifying tax methods for e-commerce taxation to aid them in effectively taxing e-commerce transactions, thereby increasing the country's tax revenue.

목차

I. Introduction

II. Literature Review

III. Methodology

IV. Data Analysis and Findings

V. Recommendations and Discussions

VI. Conclusion

Acknowledgement

References

키워드

E-commerce transactions E-commerce taxation Maxims of taxation Payment service providers Tax model