Factors Influencing Tax Compliance: Evidence from Small and Medium Corporate Taxpayers

The study primarily aims to determine the influence of tax compliance with three factors (Company-Wide, Legal/Economic, and Tax Preparation Factors). Small and medium corporate taxpayers may use the study as a benchmark regarding their attitude toward tax compliance. The study may likewise be used as a benchmark by taxing authorities to develop tax collection and administration policies or procedures to ensure voluntary compliance of small and medium corporate taxpayers with their tax obligations. The research is designed to obtain quantitative information among small and medium corporate taxpayers in Santiago City about their respective tax compliance perceptions. The study shows that all three factors (Company-Wide, Legal/Economic, and Tax Preparation) are likely to influence the tax compliance of small and medium corporate taxpayers. Hence, to ensure compliance among small and medium corporate taxpayers, internal and external arrangements should be made to ensure that all factors are properly handled so that small and medium corporate taxpayers would want to voluntarily comply with their tax obligations.