Effects of the change in the microenterprise regimetax

Abstract:

The research is based on the current tax obligations for Microenterprise taxpayers, according to the new regime created in the Tax Simplification Law (2019). The Internal Revenue Service (2020), issued the resolutions on the cadasters’ and obligations of these taxpayers, according to the Production Code, microenterprises are those businesses with annual gross income equal to or less than USD $ 300,000.00, which includes small merchants, natural persons obliged or not to keep accounts and companies that have had gross income to the immediately preceding year equal to or less than the aforementioned amount, the object of this investigation is based on determining what would be the behavior of taxpayers, whenever who become withholding agents under this regime and the conditions for VAT and income tax obligations, the impact is further deepened, how much they have to pay the 2% imposed on the total gross sales, without considering the result of the fiscal year. The methodology used in the research was descriptive in the field, based on the bibliographic and documentary review, and the survey technique and the questionnaire instrument.

Año de publicación:

2021

Keywords:

• Tax obligations
• Tax effects
• Microenterprises regime

Fuente:

scopus