Impacto de la reforma tributaria del año 2016 del Impuesto al Valor Agregado a la rentabilidad y solvencia de las empresas del sector comercial e industrial del cantón Cuenca

Abstract

The present study evaluates the impact of the tax reform to increase taxes from 12% to 14% as a result of the earthquake that occurred in Ecuador in April 2016 on the profitability and solvency of companies in the commercial and industrial sector in the city of Cuenca. A quantitative approach was used, through financial analysis to determine the variation of financial indicators of profitability, solvency and liquidity between the period before the reform and the period of implementation of the reform, and a linear regression model was used to determine whether these variations are related to the tax increase. The results show that in general the variations in profitability ratios are negative, while solvency increased, i.e. there was a deterioration in corporate financial health, as companies incurred more liabilities and reduced their profits; on the other hand, the regression analysis shows that there is no statistically significant relationship between the profitability and solvency of companies in both the commercial and industrial sectors, which suggests that in additional to the tax increase, there are other factors not considered in this study that affected the finances of the companies analyzed.