El ISD y sus efectos en las compañías grandes de industria textil en el sector Quitumbe del Distrito Metropolitano de Quito en el año 2017-2018.

Abstract

The present article has the purpose to determine the impact from the Tax on the Remittance of Currencies (Spanish: Impuesto a la Salida de Divisas – ISD) following the tax obligations of large textile companies in Quitumbe – Quito Metropolitan District between the years 2017 and 2018. This study includes an analysis detailing the ISD's economic impact as well as its significance for the country's development. The second part of this study is a simple analysis of large textile companies in Quitumbe. The study shows that company managers believe the tax collection has significantly impacted their revenues, however they also consider that the collection has had a positive impact in the country's economy and society in general. A historical overview of the ISD's rate shows its increment over time as well as the achieved tax revenues. Sales data for the analysis sample shows an average 4,1% growth during 2018 which indicates that sales have followed a positive trend, even though tax collection occurs at both import and export levels. Therefore, the overall impact of the ISD collection is considered to be positive for both the economy and society.