TAX OBLIGATIONS OF MICROENTERPRISES IN THE MUNICIPALITY OF LAS TABLAS

Abstract

Tax obligations are fiscal provisions established by law and are assigned according to the economic activities declared by the taxpayer, in order to comply with the established legal regulations. It is a legal relationship between a public entity, the State and a taxpayer.  Failure to comply with this type of obligations leads to penalties such as fines or suspension of activities, which have a negative impact on a microenterprise. This research work was developed through the feasible project modality, whose objective is to present a manual where the steps and processes for the fulfillment of tax obligations oriented to the formation of microenterprises in the municipality of Las Tablas based on the Panamanian legal regulations are displayed. The survey method was used as a data collection technique, which allowed to know the existing deficiencies in the knowledge and compliance of the steps and processes for microenterprises. Finally, microenterprises are the majority of businesses in Panama, so they play a fundamental role in the country's economic growth. Currently, in the municipality of Las Tablas, it is possible to detect shortcomings in the follow-up and guidance of microentrepreneurs, so emphasis is placed on a manual of steps and processes to meet the microentrepreneurs' need for knowledge and advice.  The advice received by government entities is deficient, since it does not raise awareness of the importance of tax obligations or the consequences of noncompliance.