Financial Education - Tax assessment of industrial and commercial economic activities

Other characteristics of the tax on economic activities that I did not mention yesterday are the following: it is a direct tax, since it is levied on immediate manifestations of wealth, of economic capacity, and it is a proportional tax.

The tax on industrial, commercial, service or similar economic activities uses a rather complex classification system, since it handles a wide range of rates. In addition, it contains a large number of classifications of economic activities, with their respective rates, according to the economic purpose of the company or the activity developed by the person.

The ordinance on the economic, industrial, commercial, service or similar activities of the territories defines that the amount of the tax will be established taking as a reference the classifier of activities annexed in the ordinance.

From the conceptual point of view, tax assessment as the set of acts aimed at specifying tax debts and their amount, some authors define it as an act or set of acts aimed at specifying in each particular case whether there is a tax debt, who is obliged to pay the tax to the Treasury and what is the amount of the debt. From this concept, it can be extracted that the determination can be integrated by a singular act such as the payment of a tax stamp or a set of acts to identify taxable events, who is the obligor, taxable bases and the establishment of the corresponding amount.

Based on the foregoing, it is analyzed that the tax assessment is the procedure through which the tax administration, invested with the broad powers of inspection of the activities of the taxpayers, establishes the existence of a debt by the taxpayer, or if the information provided by the taxpayer has no objection whatsoever. The tax assessment is considered as the declaration of the existence and amount of a tax credit, as well as the way to calculate the amount of such credit according to the economic or tax capacity of the taxpayer.