Understanding the Changes in Tax Laws: A Legal and Accounting Perspective
Dr. Jorge Bravo Cucci explains the modification of tax accrual from a legal and accounting perspective, highlighting the changes in tax laws and the implications for businesses.
00:00:00 Dr. Jorge Bravo Cucci discusses the modification of tax accrual from a legal and accounting perspective, highlighting the changes in tax laws and the implications for businesses.
📚 The video discusses the modifications made to the tributary accrual from a legal and accounting perspective.
💼 The speaker explains the changes in the norm and their implications for taxes, revealing new problems that arise.
📊 The topics covered include the concept of accrual, rules for sales, services, temporary transfers, non-performance obligations, and credit transfers.
00:08:54 Dr. Jorge Bravo Cucci discusses the concept of devengo tributario, explaining the difference between the legal and accounting perspectives. He also explores the changes in the Peruvian tax law regarding devengo and its impact on tax collection.
🔑 The concept of devengo in taxation is a complex issue that involves understanding its legal and accounting aspects.
📚 The debate on devengo has been influenced by references to tax doctrine from Argentina in the 1970s, creating a distinction between the legal and accounting perspectives.
💼 The recent change in the concept of devengo in Peruvian tax law aims to increase tax revenue and has led to the introduction of different criteria for micro and macro businesses.
00:17:47 Dr. Jorge Bravo Cucci explains the modification of tax accrual. The concept of accrual is the recognition of income in a specific period, and its definition involves identifying the substantial events that generate the income.
The concept of devengo tributario refers to recognizing income in a specific accounting period.
A definition and rules for devengo tributario have been established to provide legal certainty for the sales tax.
The specific criteria for recognizing income as devengo tributario depend on the occurrence of substantial events related to the income generation.
00:26:41 The video discusses the concept of suspensive conditions in contracts and the modification of tax accrual. It explains that if the right to receive payment is subject to a suspensive condition, the event has not occurred and there is no income. It also addresses the treatment of advances in accounting and taxation. Overall, it provides an overview of specific cases where income can be recognized for tax purposes.
📋 The concept of suspensive condition in contracts and its implications.
💰 The condition suspensive in contracts of sale, with the buyer retaining ownership until full payment is made.
⏳ The devengado tributario rule and its application to future transactions and advance payments.
00:35:34 Dr. Jorge Bravo Cucci discusses the Modification of Tax Accruals, focusing on the recognition of income for services provided over time.
📚 Control of an asset allows redirection of its use and obtaining its remaining benefits.
💰 Recognition of income in services depends on the degree of organization and time involved.
📊 The measurement of income in services should consider the best method for execution.
00:44:28 Dr. Jorge Bravo Cucci discusses the Modification of Tax Earnings. The session covers topics including termination of services, recognition of income, temporary asset leasing, contract duration, method variation, and credit transfers.
📋 The video discusses the modification of tax accrual, where the recognition of income and expenses is tied to the delivery of the final report.
💼 The session of goods can include leasing and other agreements where a tangible or intangible asset is transferred to a third party for a specific or indefinite period.
🔄 The methods for recognizing income can vary based on the progress of the work, proportion of costs, and authorization from the tax authorities.
⏰ In contracts for not performing certain actions, the income is recognized proportionally based on the agreed time period.
💸 Transfer of credits, such as factoring and discounting, involves transferring the right to payment to a third party in exchange for a price.
00:53:20 Dr. Jorge Bravo Cucci explains the Modification of Tax Accrual in a clear and concise manner, highlighting the differences between transfer and discount operations and the implications for tax purposes.
📚 There are two types of transactions: transfer without resources and discounts.
💰 In transfer without resources, the transfer is complete and the recipient becomes the new holder of the credit, while in discounts, the transfer is merely operational and the credit can be returned if not collected.
📊 The recognition of income in these transactions differs based on the assumption of credit risk and the generation of interests.
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