IDEAS home Printed from https://ideas.repec.org/a/src/jafeec/v10y2024i3p415-424.html
   My bibliography  Save this article

Tax Practitioners View on Tax Compliance Regarding Crypto Assets

Author

Listed:
  • Khumalo, Thothobela Rachel
  • Mafini, Chengedzai

Abstract

Purpose: This study aimed to examine the challenges and views of tax practitioners in South Africa regarding tax compliance in relation to crypto assets. This includes the application of the current tax legislation as well as the tax practitioner’s skills in applying the crypto assets rules.Design/Methodology/Approach: A qualitative approach was applied to the research methodology to understand the perspectives of tax practitioners regarding tax compliance of crypto assets. The study employed a purposive, non-probability sampling technique to select nine registered tax practitioners. Semi-structured, four face-to-face interviews and five telephonic interviews were conducted with the participant’s consent to collect data.Findings: The results reveal that tax practitioners lack the necessary knowledge to apply the legislation regarding crypto assets. Furthermore, the findings show that fear of being penalized, corruption, and government expenditure are some of the factors that affect tax compliance tax.Implications/Originality/Value: The study recommends that the tax authority in South Africa establish webinars, seminars, workshops, and assessments for new regulatory changes, such as crypto assets. Also, it ensures that tax practitioners can practically apply new regulatory frameworks by creating simulation scenarios on e-filing.

Suggested Citation

  • Khumalo, Thothobela Rachel & Mafini, Chengedzai, 2024. "Tax Practitioners View on Tax Compliance Regarding Crypto Assets," Journal of Accounting and Finance in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 10(3), pages 415-424, September.
    • Handle: RePEc:src:jafeec:v:10:y:2024:i:3:p:415-424
    DOI: http://doi.org/10.26710/jafee.v10i3.3121
    as

    Download full text from publisher

    File URL: https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/3121/1785
    Download Restriction: no
    File URL: https://libkey.io/http://doi.org/10.26710/jafee.v10i3.3121?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:src:jafeec:v:10:y:2024:i:3:p:415-424. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rabia Rasheed (email available below). General contact details of provider: https://edirc.repec.org/data/csrcmpk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.