Implementació n del Departamento Tributario en la CIA JAIAC para la recuperació n de Cré dito tributario por retenciones de IVA

Abstract

JAIAC S.A., engaged in the sale of thermographs and security seals for the export sector, faces a significant accumulation of tax credit from VAT withholdings. This credit arises because exporters, under current laws, are withholding agents for 100% of the VAT on all their purchases. Since JAIAC sells its products to exporters, it generates a tax credit through VAT withheld on its sales, while also paying VAT on product purchases, leading to a continuous accumulation of tax credit. This situation directly affects the company's cash flow since it cannot offset the VAT on sales with the VAT on purchases and the withholdings made by its clients. As a result, JAIAC finds itself in a situation where funds are blocked in the accumulated tax credit, unable to recover these amounts promptly. Given this situation, it is essential for the company to implement an efficient mechanism to request the timely refund of this tax credit. This recovery process must be managed in an agile and appropriate manner, ensuring that JAIAC can free up these funds to improve its cash flow and continue operations sustainably. Proper management of this tax credit will allow the company to optimize its liquidity and avoid further impact on its operational capacity.