Tax policies and access to credit in the microenterprise sector, 2014-2019 period

Abstract

The purpose of this research is to analyze the tax policies and access to credits that contribute to the development of micro-enterprises in the province of El Oro, period 2014-2019. The methodology used was quantitative with a descriptive-prospective approach. The data collection was carried out through a bibliographic review of the economic benefits issued by the tax policies in relation to the RISE and the Microenterprise Regime in Ecuador; revision of the databases of the pages of the National Institute of Statistics and Censuses (INEC); the Association of Private Banks of Ecuador and the Internal Revenue Service, whose information allowed a comparative analysis between the volume of credit granted in the province of El Oro and microcredits; likewise, an average projection of the amounts granted to microentrepreneurs from 2016 to 2019; in the same way, the section with the highest microcredit granting is identified. For the processing and interpretation of the data, the Microsoft Excel tool is used. Among the findings, it was evidenced in tax matters that the Ecuadorian Simplified Tax Regime has benefited 26,912 small businesses in 2018, going from informality to formality and the opportunity to access a credit justifying their income. On the other hand; investment in loans granted by private banks and the SEPS; has been increasing, with an exception in 2019 that decreased. The new microenterprise regime and the high interest percentages established for loans to the microenterprise sector, influence the cash flows that become essential to strengthen liquidity in companies, working capital and income.