Impacto del gravamen a los movimientos financieros en las operaciones financieras de una empresa del sector de la construcción

Abstract

The Tax on Financial Movements (GMF) is an indirect tax that was born in 1998 as a result of a financial crisis that forced the State to save banks, both public and private. The measure that was temporary turned out to be definitive over the years until reaching what today is its 4x1000 rate, which has been maintained on the advice of the expert commission as it is a tax that is easy to collect (7.5 trillion in 2018) and almost impossible to evade. For many economists it is an inequitable tax that does not distinguish taxpayers since it is not linked to the economic capacity of those who pay it. This research project is based on the financial impact of the Tax on Financial Movements in a company in the construction sector of civil engineering works and public service projects. This organization, being a Large Taxpayer, suffers significantly from the total non-deduction of the GMF in the income declaration, and therefore greatly influences the opportunity cost, as a consequence of this impact. For the development of the research work, it was necessary to obtain as essential information the financial statements of the organization comprised between the years 2014 to 2019; also, the income tax clearances of the organization were analyzed. The results of the investigation correspond to assumed scenarios proposed for the respective financial analysis on the approach of each one of them, the result obtained in each of the scenarios determines in what aspects the GMF has affected the company, not only economically but financially. Its incidence in the Comprehensive Income Statement and the Statement of Financial Position, constitutes relevant information for the company's decision-making.