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This study attempts to investigate the impact of economic growth and stock traded on taxation for emerging Asian countries, namely China, India, Indonesia, Republic of Korea, Malaysia and Thailand. To examine the plausible links between these indicators, we used semiparametric, heterogeneous and panel causality analysis by employing data covering the period 1990–2014. The semi-parametric estimates indicate a U-shape effect between growth and taxation, along with elastic opposite direction effects of stock traded on taxation. This suggests that higher growth will have a positive influence on taxation in emerging Asian countries. The findings of the Dumitrescu and Hurlin (DH) heterogeneous Granger causality test revealed that there is a bi-directional causality running between growth and taxation, and a uni-directional causality running from stock traded to taxation,and from growth to stock traded.This confirms the presence of a growthled taxation nexus in emerging Asian countries.

Undoubtedly, economic analyses are important to understand a tax system, however in a democratic system, the taxpayer’s perception, evaluation and compliance with the tax laws are of equal importance. This study attempt to explore the taxpayers’ acceptability towards self assessment system and also to investigate an overall view of taxpayers’ perception on the present tax system. A survey was undertaken in Kota Kinabalu, Sabah, involved 195 individual salaried taxpayers. Result of the study revealed that the Malaysian taxpayers are satisfied with the present tax system. They see it as a simple and easy system. However the study also revealed that the taxpayers welcome the changing of the present system to the self assessment system. They perceived that they are ready for it. Despite of the taxpayers readiness toward self assessment system, most of the ta xpayers did not know their responsibility under the new system, moreover they also unable to compute their own tax. However most of them are interested in learning more about the Malaysian Income Tax System if they have the opportunity to do so. The taxpayers surveyed had a poor understanding of the tax laws. So that, recommendations were made to MIRB in order to increase the taxpayers knowledge and understanding of their obligation and rights as a taxpayer. The effective ways of communications and promotion of self assessment system were also suggested.

Undoubtedly, economic analyses are important to understand a tax system, however in a democratic system, the taxpayer’s perception, evaluation and compliance with the tax laws are of equal importance. This study attempt to explore the taxpayers’ acceptability towards self assessment system and also to investigate an overall view of taxpayers’ perception on the present tax system. A survey was undertaken in Kota Kinabalu, Sabah, involved 195 individual salaried taxpayers. Result of the study revealed that the Malaysian taxpayers are satisfied with the present tax system. They see it as a simple and easy system. However the study also revealed that the taxpayers welcome the changing of the present system to the self assessment system. They perceived that they are ready for it. Despite of the taxpayers readiness toward self assessment system, most of the ta xpayers did not know their responsibility under the new system, moreover they also unable to compute their own tax. However most of them are interested in learning more about the Malaysian Income Tax System if they have the opportunity to do so. The taxpayers surveyed had a poor understanding of the tax laws. So that, recommendations were made to MIRB in order to increase the taxpayers knowledge and understanding of their obligation and rights as a taxpayer. The effective ways of communications and promotion of self assessment system were also suggested.

Undoubtedly, economic analyses are important to understand a tax system, however in a democratic system, the taxpayer’s perception, evaluation and compliance with the tax laws are of equal importance. This study attempt to explore the taxpayers’ acceptability towards self assessment system and also to investigate an overall view of taxpayers’ perception on the present tax system. A survey was undertaken in Kota Kinabalu, Sabah, involved 195 individual salaried taxpayers. Result of the study revealed that the Malaysian taxpayers are satisfied with the present tax system. They see it as a simple and easy system. However the study also revealed that the taxpayers welcome the changing of the present system to the self assessment system. They perceived that they are ready for it. Despite of the taxpayers readiness toward self assessment system, most of the ta xpayers did not know their responsibility under the new system, moreover they also unable to compute their own tax. However most of them are interested in learning more about the Malaysian Income Tax System if they have the opportunity to do so. The taxpayers surveyed had a poor understanding of the tax laws. So that, recommendations were made to MIRB in order to increase the taxpayers knowledge and understanding of their obligation and rights as a taxpayer. The effective ways of communications and promotion of self assessment system were also suggested.

Undoubtedly, economic analyses are important to understand a tax system, however in a democratic system, the taxpayer’s perception, evaluation and compliance with the tax laws are of equal importance. This study attempt to explore the taxpayers’ acceptability towards self assessment system and also to investigate an overall view of taxpayers’ perception on the present tax system. A survey was undertaken in Kota Kinabalu, Sabah, involved 195 individual salaried taxpayers. Result of the study revealed that the Malaysian taxpayers are satisfied with the present tax system. They see it as a simple and easy system. However the study also revealed that the taxpayers welcome the changing of the present system to the self assessment system. They perceived that they are ready for it. Despite of the taxpayers readiness toward self assessment system, most of the ta xpayers did not know their responsibility under the new system, moreover they also unable to compute their own tax. However most of them are interested in learning more about the Malaysian Income Tax System if they have the opportunity to do so. The taxpayers surveyed had a poor understanding of the tax laws. So that, recommendations were made to MIRB in order to increase the taxpayers knowledge and understanding of their obligation and rights as a taxpayer. The effective ways of communications and promotion of self assessment system were also suggested.

Undoubtedly, economic analyses are important to understand a tax system, however in a democratic system, the taxpayer’s perception, evaluation and compliance with the tax laws are of equal importance. This study attempt to explore the taxpayers’ acceptability towards self assessment system and also to investigate an overall view of taxpayers’ perception on the present tax system. A survey was undertaken in Kota Kinabalu, Sabah, involved 195 individual salaried taxpayers. Result of the study revealed that the Malaysian taxpayers are satisfied with the present tax system. They see it as a simple and easy system. However the study also revealed that the taxpayers welcome the changing of the present system to the self assessment system. They perceived that they are ready for it. Despite of the taxpayers readiness toward self assessment system, most of the ta xpayers did not know their responsibility under the new system, moreover they also unable to compute their own tax. However most of them are interested in learning more about the Malaysian Income Tax System if they have the opportunity to do so. The taxpayers surveyed had a poor understanding of the tax laws. So that, recommendations were made to MIRB in order to increase the taxpayers knowledge and understanding of their obligation and rights as a taxpayer. The effective ways of communications and promotion of self assessment system were also suggested.