Análisis del impuesto diferido en la contabilización de instrumentos financieros y derivados.

Abstract

In Ecuador, the tax legislation currently includes ten cases of deferred taxes, most of the transactions described in the Regulation for Application of the Internal Tax Regime Law (RLORTI) correspond to deferred tax assets, which generate a non-deductible expense in In the period that is recorded, however, a deferred tax will be recognized, which may be recovered in future periods. The Ecuadorian tax regulations do not consider deferred taxes in the accounting of financial instruments and hedging instruments, however, according to IAS 12 "Income Taxes" there is a temporary difference between the tax base and the accounting basis, due to the measurement of the fair valu e of financial instruments and this leads to the recognition of a deferred tax liability. As they apply in other countries like in Mexico. Chapter 3 has applied the feasibility of applying deferred taxes in transactions of derivative instruments under the analogy of measurement at fair value of biological assets provided for in the Regulations for the Application of the Internal Tax Regime Law. In the analysis carried out in chapter 3, it has been determined that the transaction costs included in the financ ial assets and liabilities measured at amortized cost generate a difference between the tax base and the accounting base, this because the transaction costs are considered as deductible in the year in which the obligation is recognized, and subsequently the amortized financial expense in future periods will be considered as non-deductible. This research work aims to demonstrate that the application of deferred taxes in derivative financial instruments is necessary in order that they can be considered as exempt in the period that are recorded in the accounts and taxable in the following periods .