Impact of the Implementation of NIC 17 on Tax Rules on the Taxable Basis of Income Tax. Analysis of the Impact on Financial Leases Impacto de la implementación de la NIC 17 en las normas tributarias, sobre la base imponible del impuesto sobre la renta. Análisis del efecto en los arrendamientos financieros

Abstract

Today, it is of great importance the role that charges the lease or leasing as a tool of financial leverage in business, without distinction of size, serving the economic dynamic that has led to more flexible forms used to generate wealth or heritage, increasingly favoring the use of the goods more than the property of the same. At the same time that same dynamic has led to economic entities and their various users to foster by accounting norms that increasingly reflects the financial reality that concerns them, giving way to the international standards of information IAS-IFRS financial. Colombia has not escaped these effects and the needs generated, therefore, began a process of adoption of the international standards of financial information from the issuing of the 1314 Act of 2009, which also initiates the dissolution of the siamesica relationship in which many times is have regulated accounting issues from the tax, as it was the case with financial leases, article 127-1 added to tributary status by the Law 223 of 1995. This is the reason that justifies our study, it is relevant prior review of a history of leasing in Colombia, analyze its conceptualization and regulation in the legal system, the accounting regulatory framework and the framework regulatory tax. The study found more reason for being in the effects that they arise from the change of accounting policy framework, with the adoption of international accounting standards and the incorporation of the IAS-IFRS effected by the Decree 2420 14 December 2015, and the changes that occur in the tax treatment of leases from the issuance of the 1819 Act of 2016 amending article 127-1 of the tax statute. With precedents developed, the focus of the study is to determine the effects of IAS 17 on the taxable bases of the income tax and the IFRS 16 mandatory application starting from the 1 ° of January of 2019. Finally cites some case law in Colombia issued in cases concerning the issue of lease finance or Leasing.