Legal analysis of the income tax to income to companies in Ecuador.

Abstract

In Ecuador, the advance of the Income Tax has been applied during the period 2010–2019; however, the new regulations eliminate it. The objective of this study is to legally analyze the advance of the Income Tax in Ecuador and its effect on the liquidity of small and medium-sized companies; For which different methodologies were applied, such as the bibliographic review, the comparative analysis of the normative evolution in Ecuador and the application in other Latin American countries. The analysis allowed determining that there are no constitutional or legal restrictions on the implementation or elimination of the income tax advance.