Impacto financiero por la eliminación de la obligación del anticipo del impuesto a la renta en las Sociedades Anónimas en el sector manufacturero de la ciudad de Cuenca en los periodos 2018-2019 y 2021-2022

Abstract

This paper aims to analyze the financial impact of the elimination of the advance payment obligation for income tax on corporations in the manufacturing sector in the city of Cuenca by comparing key financial indicators between the periods 2018-2019 and 2021-2022, using information from business and tax databases. The method used was analytical-synthetic, descriptive, and quantitative. A sample of 25 companies in the manufacturing sector was used to analyze the average current ratios of Cuenca's manufacturing companies before and after the elimination of the advance payment. In addition, the statistical methodology of comparison of means was used to measure the impact of the advance payment of income tax on the selected companies. The results obtained showed that the elimination of the advance payment of income tax showed higher liquidity and profitability indicators in the period 2021-2022, and the effective rate had a similar effect. Based on the aforementioned analysis, the differences were significant, leading to the acceptance of the proposed hypothesis. In conclusion, it is worth noting that companies showed improved performance indicators and, consequently, improved operational efficiency after eliminating the advance payment of income tax.