Guidelines for tax planning and management in the industrial sector for benefit to the organization

  • Authors

    • Anchalee Donkaw Faculty of Business Administration, King Mongkut’s University of Technology, North Bangkok, Thailand
    • Assistant Professor Dr. Natha Sawetnarakul Faculty of Business Administration, King Mongkut’s University of Technology, North Bangkok, Thailand
    • Professor Dr. Thanin Silpchalu Faculty of Business Administration, King Mongkut’s University of Technology, North Bangkok, Thailand
    https://doi.org/10.14419/bh2yfy75

    Received date: May 13, 2025

    Accepted date: May 26, 2025

    Published date: May 31, 2025

  • Structural Equation Model; Taxation; Tax Management; Industrial

  • Abstract

    Thailand's industrial business sector continues to incur a significant increase in fines due to additional tax payments. This study aimed to ‎investigate guidelines for tax planning and management in the industrial sector for the benefit of the organization. The qualitative research ‎was conducted through in-depth interviews with nine experts to develop the research instrument used in the quantitative research, and a ‎focus group discussion with 11 experts was conducted to reach a consensus on the model. Moreover, data for the quantitative research survey were collected through questionnaires from 500 industrial organizations that submitted financial statements. Descriptive, referential, and ‎multivariate statistics were employed for analysis. It was found that the guidelines for tax planning and management in the industrial sector, ‎for the benefit of the organization, consisted of four components prioritized according to their arithmetic mean as follows: 1) Innovative ‎Integration (= 4. 33), designing a practical online tax guide that is conveniently accessible via mobile devices, 2) Tax Procedure (= 4. 31) to ‎promptly comply with summonses or directives from the Director General of the revenue summons, 3) Corporate Transformation (= 4. 30) ‎which defines career growth pathways for personnel working in taxation, and 4) Taxation Awareness (= 4. 23) which involves reviewing ‎tax reports for accuracy at least twice before presenting them to executives, staff, and shareholders for acknowledgment. Furthermore, hypothesis testing revealed that small and medium-sized enterprises and large businesses place significantly different levels of importance on ‎strategies for tax planning and management in the industrial business sector for organizational benefit, with statistical significance at the 0.05 ‎level. The analysis of the structural equation model indicated that it met the assessment criteria and was consistent with the empirical data. ‎The calculated values for the probability of chi-square, the relative chi-square, the index of consistency, and the root mean squared error of ‎approximation were 0. 157, 1. 1.095, 0. 959, and 0. 0.014, respectively‎.

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  • How to Cite

    Donkaw , A. ., Sawetnarakul, A. P. D. N. ., & Silpchalu , P. D. T. . (2025). Guidelines for tax planning and management in the industrial sector for benefit to the organization. International Journal of Accounting and Economics Studies, 12(2), 10-17. https://doi.org/10.14419/bh2yfy75