India shows relatively high trust in tax system, global survey finds


A new survey by global accountancy and policy organisations has found that India enjoys comparatively high levels of public trust in its tax system.

Entitled Public Trust in Tax 2025: Asia and Beyond, the survey was conducted by the Association of Chartered Certified Accountants (ACCA), the International Federation of Accountants (IFAC), Chartered Accountants Australia and New Zealand, and the OECD.

It is based on responses from more than 12,000 people across 29 countries, with most of the respondents based in Asia.

In India, close to 45% of respondents said tax revenues are spent for the public good, according to an Asian News International (ANI) report.

Around 41% responded that they regard paying taxes as a contribution to their community rather than simply a financial burden.

The survey also found strong stated opposition to tax evasion.

Around 68% of Indian respondents said they would never justify cheating on taxes, even if the opportunity existed.

Views on the use of taxation to support sustainability were also reported. Approximately 80% of respondents in India said they would be willing to pay additional taxes if the funds were used to support sustainable development initiatives.

Across Asia, the survey indicates that respondents were more likely to consider tax systems fair and transparent than those in Europe and Latin America.

It also notes that digital tax services were most frequently identified as the effective part of tax administration, and that clearer communication from tax authorities is linked with higher trust.

ACCA India director Md Sajid Khan was quoted by ANI as saying: “The willingness of Indian respondents to contribute more through taxes to support sustainable development also reflects a growing alignment between fiscal policy and long-term societal goals.

“Globally, these findings reinforce that trust in tax systems is built when citizens see clear outcomes, equity and accountability in how revenues are used.”

The report was discussed at the IFAC Connect ASIAPAC 2025 event in Jakarta and is scheduled to be formally launched at a global webinar next month.

“India shows relatively high trust in tax system, global survey finds” was originally created and published by The Accountant, a GlobalData owned brand.

 


The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *