Incidence of the tax on large financial transactions of Venezuelan private companies

Abstract

This research is based on highlighting the possible economic repercussions that the tax may generate within the cash administration of the company, the study of which was carried out under a descriptive field methodology. Its objective is to analyze the incidence of the tax on large companies financial transactions in the administration of cash in the Venezuelan private company, and as a case study we had the company Vinccler CA The population is made up of 02 employees of the Administrative-Accounting area. For data collection, a semi-structured interview guide was used. Once the required information was obtained, the results were processed, which showed that the company currently implements the cash budgeting technique, in this way it organizes its money and complies with the payment of the IGTF, in addition, Vinccler complies with the respective formal duties established by the IGTF Law and thus avoids sanctions, closures and fines by SENIAT. Finally, it was also learned that the company has full knowledge of the elements that lead them to comply with the payment of the tax and take their measures to avoid unnecessary money outlays that obstruct the efficient administration of cash.