Understanding and Utilizing Tax Benefits of Start-up Business Entrepreneurs

Abstract

      The purpose of this research is to study knowledge and understanding of the tax benefits for start-up business entrepreneurs. The samples used in this study were start-up business entrepreneurs who were certified by the National Science and Technology Development Agency (NSTDA). Qualitative research method is being used in in-depth interview. Five samples were selected by purposive sampling method.The research tool used was a semi-structured interview form.  According to the study, it has been found that start-up business entrepreneurs have knowledge and understanding of tax benefits related to start-up businesses. The benefits that the government issued were utilized due to newly established business which found that the revenue received by start-up entrepreneurs was low resulting in exemption of taxes for 5 accounting periods for business entrepreneurs that have already been certified as start-up entrepreneurs from the National Science and Technology Development Agency (NSTDA).