Previously, we have shared with you the importance of keeping correct accounting within companies and the role that the accountant plays for this. Complying with all obligations allows you to be in order and avoid possible problems, as an example, we have the payment of taxes. Have you ever wondered what the main reason for paying taxes is? In this stage we want to explain its importance and talk specifically about one, the IEPS, what is it and who is obliged to pay it?
You may be interested in our entry: What is the tax incorporation regime?
Why is paying taxes important?
This topic can be a bit annoying for many people, however, it is totally necessary and important since its function is to allow the State to collect the necessary income to carry out different works, generally these benefit the sectors with the most needs. Health and education are also benefited.
The payment of taxes was born years ago and has evolved over time, today its function is aimed at the welfare of citizens.
To successfully pay taxes, remember to get expert tax and accounting advice.
One of the best known taxes is IEPS, but what is it and where is it obtained from?
The IEPS is the Special Tax on Production and Services, it is applied to certain products for their manufacture, sale or import of these. Natural and legal persons are obliged to pay it, they obtain it directly from the consumer’s payment.
The goods that have this tax are: gasoline, alcoholic beverages, cigarettes, drinks with added sugar, hydrating drinks, diesel, products such as chocolate or cocoa derivatives, among others. If you are involved in the production of these, it is important to keep yourself updated to fulfill your obligations.
You may be interested in our entry: Why is it essential for companies to have an accountant?
At QuAdrans law and finance we have experts in tax and accounting advice that will help you stay in order and ensure that you can fulfill all your obligations in a timely manner. We remain in constant training and this is why we offer you a quality and updated service on topics of your interest. We are committed to our clients to help their companies stay in constant growth. Contact us and learn about the services we have for you.
