EFECTOS CONTABLES Y TRIBUTARIOS DE LA REVALUACIÓN DE PROPIEDADES, PLANTA Y EQUIPO DEL SECTOR MINERO DE LA PROVINCIA DE EL ORO

Abstract

The study is carried out in the province of El Oro, in the mining sector, which seeks to analyze the accounting and tax effects of the revaluation of Properties, Plant and Equipment (PPE) in the analysis focus, in order to know whether or not this method is applied in companies. For this purpose, a bibliographic analysis and field was carried out, which allowed us to identify that although revaluation is the most appropriate method of expressing real PPE information, companies use Historical value as permitted by current regulations. With regard to accounting and tax effects, IAS 16, in paragraph 31, should be considered as a real adjustment of the PPE, considering the possibility of these increases or decreases in value during their use and useful life, which is why It is necessary to present its fair value, since the financial information should allow the recording, classification and accumulation of economic facts, a situation that is not fully fulfilled when using the historical cost method; Finally, it was concluded that the effect of the increase in values in total assets and equity respectively results in an increase in the payment of income tax because it modifies the structure of its financial statements, affecting the liquidity of the companies due to That when a surplus in the PPE is presented an account is generated that affects the equity through the increase of the same value.