Estudio técnico Activos Biológicos y su tributación en la empresa Will

Abstract

The general objective of this technical study is to explain the tax treatment of the inventories and property, plant and equipment of the biological assets of the company Will for the year 2025, in order to determine the taxable base and evaluate the effective tax rate for the income tax return filed with the tax authority. The company under study is a producer and marketer of foliage, used to assemble and embellish bouquets, these are subjected to different treatments since they are exported to the United States. The foliage is measured as inventory and not as property, plant and equipment, this is where the problem arises. The analysis of the technical study is framed with the current regulations of the Colombian Tax Statute, determining the treatment of Biological Assets, evaluating their deductions in order to have better accounting and tax figures to reduce the value to be paid for income tax. The work concludes with a tax planning action plan, based on articles 92 to 95 of the Tax Statute, IFRS 41 for full and section 34 for SMEs. It deals with the folios with their respective deductions of articles 63, 64 and 137 of the Tax Statute.