SERVICE TAX RULES OF ACCOUNTING AND ITS IMPACT ON THE NEW ERA OF FINANCIAL INFORMATION

Abstract

The flexibility of Decree 2649 of 1993, compared to Tax Laws character makes in the process of structuring the accounting policies to suit legal requirements and therefore professionals issued financial statements with tax disclosures. From Article 772 of the ET "accounting as evidence", in this work the hypothesis that since 1986 the tax rules have been the raw material for Accounting in Colombia and that this demarcation is offered in defending the International Financial Reporting Standards, but it brings about qualitative and quantitative impacts. Qualitative impacts are reflected in a change in the tax planning of companies, an increase in disputes with the tax authorities and increased IT costs by upgrading information systems; on the other hand the quantitative impact is head of the partners or shareholders would generate a utility to be able to be constitutive distributed as rental income, you lose the benefit of the limitation of Article 49 of the ET.