Impacto tributario por el cambio de régimen fiscal de la empresa S&G Asesores Contables y Tributarios.

Abstract

Since 2019, Ecuador has implemented significant changes in its tax regime with the aim of improving tax equity and strengthening public finances. The 2019 Tax Simplification and Progressivity Law, pivotal in this process, adjusted tax rates and deductions to redistribute the tax burden, focusing efforts on combating tax evasion through more rigorous measures and severe penalties. Companies that fell under this group were affected by the income tax base, as business costs and expenses were not taken into account; instead, the tax was calculated based on the sales of the fiscal period. In 2021, the Organic Law for Economic Development and Fiscal Sustainability Post Covid-19 Pandemic introduced a new unified regime for small and medium-sized enterprises, albeit with progressive tax rates that did not always favor their profitability. These changes posed significant challenges for companies like S&G Accounting and Tax Advisors, which were compelled to adapt to new regulations by adjusting their tax structures and accounting processes. For small and medium-sized enterprises, this entailed additional challenges in terms of resources and knowledge. Although the intention was to encourage investment, the tax burden became higher. In summary, while the reforms aimed to enhance equity and strengthen public finances, the adaptation of businesses and concerns about competitiveness illustrate the specific challenges faced by companies.