Plan de acción para controlar los impactos tributarios generados por el proceso de adopción de NIIF pymes en Mercapava S.A.

Abstract

Since the application of the IFRS for SMEs mandatory since 2014, for purposes of preparation and presentation of financial information of legal persons and natural persons required to keep accounts, a drastic change was generated, compared to the accounting culture and tax of our country, which prepared the records and accounting books in order to support the figures to be included in the tax returns, trying to have a tax accounting rather than accounting and not to show the economic reality of the companies; since the mentioned reality, it was impossible to be reflected in the presentation of the financial statements, when the accounting standards entered into controversy with the aspects regulated in the tax regulations that were applied as a priority.

This particular study addresses this issue from the perspective of the impacts generated by the adoption of the Niif Pymes and the deferred tax in the company Mercapava S.A.

This organization is a corporation, responsible for VAT, large taxpayer and classified as SMEs for having more than 10 employees and total assets less than 501 SMMLV, with headquarters located in Pradera municipality of Valle del Cauca, which began its application process of the Niif Pymes since the end of 2015.

With the implementation of the NIIF, differences with tax regulations were evidenced by the application of a high degree of sections of the standard, in this way it is necessary to carry out a detailed study of the real effects of the adoption of the accounting standard and its differences with the fiscal applications visible through the deferred tax, which were not taken into account for the financial planning of the company; therefore, it was necessary to institute an action plan to mitigate the differences and their effects on financial and tax results.

As a result of the analysis process of this case, the company will evaluate changes from its accounting policies under Niif, through the administrative control of the main items of its financial statements, to the inclusion of the impact of deferred tax on financial results as an indicator in both fiscal and financial planning.