In relation to the impact of the withholding of the Business Tax, certain acts or facts are described in a typical manner, the performance of which by or with respect to a specific subject (taxpayer), in a specific place and at a specific time, gives rise to the tax liability.
In this sense, this publication that I bring you today revolves around the following questions: How will the financial statements be carried out at the corporate and state level, how does the ordinance on economic activities of industry, commerce, service and of similar nature affect the municipal figures, what will be the effect of the ordinance on economic activities of industry, commerce, service and of similar nature?.
Another interesting question is: What will be the effect of the ordinance on economic activities of industry, commerce, service and similar nature on the financial statements at the corporate and state level? I would like to know some approaches that you may have on these points of vital importance in democratic countries.
The Tax on Economic Activities at the corporate and state level is generally materialized through the process of deduction of tax credits and debits, which allows determining the tax liability for each taxpayer at the corresponding stage of the economic circuit and of the arithmetic operation where the amount of the tax transferred is manifested in the amount of the tax transferred.
In the case of the Tax on Economic Activities at the business and state level, it has caused economic instability in the Ordinary Taxpayer without this meaning a loss for the country and in the time of its application, the greatest beneficiary has been the taxpayer himself, therefore it is necessary to address the most outstanding aspects that have influenced these processes.