Factor Affecting Tax Paying of Thai-Listed Companies in the SETHD30 Group

Abstract

         The primary objectives of this study are twofold: first, to investigate the factors influencing the tax payments of listed companies within the SETHD30 group on the Stock Exchange of Thailand; and second, to develop a predictive equation for forecasting the tax payments of 22 such companies spanning the years 2018 to 2022, utilizing a dataset totaling 110 observations. The analysis employed multiple regression techniques to examine the data.

          The findings of the study reveal that Net Cash From (Used In) Operating Activities (NCO) and Total Revenue (TR) significantly impact the Income Tax Expense of these companies at a significance level of 0.001. Furthermore, the forecast equation for Income Tax Expense (ITE) is expressed as ITE = .580(NCO) + .321(TR), based on standardized coefficients. Moreover, the implications of these research outcomes extend to regulatory bodies such as the Revenue Department or relevant agencies, which can utilize the findings for the purpose of monitoring and oversight of such companies. Additionally, scholars and researchers may leverage these findings for further investigation, contributing to the advancement of knowledge in the realm of tax collection practices.