Tax Planning Strategies for Enhancing Business Efficiency of SMEs in Thailand
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Abstract
This research aims to: (1) explore strategies and development approaches to efficiently reduce tax expenses for small and medium-sized enterprises (SMEs) in Thailand, and (2) emphasize profit enhancement through effective cost and resource management among Thai SMEs. This is a quantitative study, collecting data from a sample of 400 SME entrepreneurs in Thailand using a questionnaire. Statistical tools used for data analysis included percentage, mean, standard deviation, and multiple linear regression analysis.
The findings revealed that cost management and revenue management are statistically significant factors influencing net profit increase, while tax knowledge and utilization of tax benefits do not have a significant impact. Specifically, tax knowledge had a t-value of 0.734 and a p-value greater than 0.05, and utilization of tax benefits
had a t-value of 0.066 with a p-value also greater than 0.05, indicating no statistically significant influence on net profit. In contrast, cost management had a t-value of 2.857 and revenue management had a t-value of 4.607, both with p-values less than 0.05, indicating a statistically significant positive effect on net profit. The study suggests that SME entrepreneurs should pay greater attention to understanding and maximizing the use of tax incentives, as well as adopting software or digital platforms for tax planning to improve financial efficiency and reduce calculation errors.
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