Income Tax In Ecuador

Income Tax in Ecuador

Summary

The investigation carried out shows how income tax affects the general income of the country, and how it vary from one year to another for various factors. The Income Tax is a tax whose purpose is to obtain income to the country, speaking in this case of Ecuador, whose taxpayers are Ecuadorian and foreign citizens, residents in the country, where the year includes a period from January 1 to 31December, and whose collection agent of this tax is the SRI. It should be stressed that due to internal or external factors this value to be collected varies from one year to another. This tax is widespread, that is, they must all pay, equitable, it refers to the fact that each person will have to contribute with this tax according to their income. The methodology to be used in this article is the descriptive and analytical method, because referring to the study of this tax we will analyze the consequences that it has with respect to the country’s income.

Introduction

Income Tax is a generalized tax where all citizens and foreigners with economic activity in the country must cancel it every year, this tax also has other characteristics;Obligatory, each person or taxpayer must cancel it within the established period of time, equity, includes the contributions made by people with respect to the amount of their income, (who has more income, must contribute more), equality, because it is for all.

The taxpayer or taxpayer of the Income Tax is the natural or legal person who, according to the law, must comply with this obligation.

The active subject, on the other hand, is the State, through the Internal Revenue Service.

People are responsible for making our contributions, while the SRI is responsible for collecting this tax. It should be noted that this tax has a method to be calculated with respect to each person and their personal income. People not to make the corresponding contributions within the established period will have sanctions whose specifications are recorded in the Internal Tax Regime Law.

This tax is crucial to the country, usually occupies part of the State’s income. What leads to the General State Budget. Therefore, by varying the item charged from this tax, the income and budget of the State varies.

But what really benefits society and what does it in this regard?

What people are looking for is commonly the maximum benefit, when paying this tax they feel that it is not fair, since they are the income earned by their “own account”, they usually seek to pay as little as possible, in order to feel that “noYou are going ”its income, the thought of society is usually the same for the majority, (so that to give so much, if it is paid a lot), without taking into account that this harms the income of the country.

Bibliography

• https: // www.RIGHTEUADOR.com/Tax-A-la-Recent
• https: // www.finance.Gob.EC/El-Presuppued-General-Del-Estado/
• https: // www.sri.Gob.EC/Web/Guest/Tax-Renta