Optimización del pago del IVA a través de un modelo de riesgo probabilístico para la planeación financiera

Translated title of the contribution: VAT optimization through a probabilistic risk model for financial planning

José Arturo Montoya*, David Ernesto García Cortez, Francisco Vargas Serrano

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review


The Small and Medium Sized Enterprises (SMEs) have an important fiscal responsibility, so it is of special interest to reach an appropriate management of the cash flow, in order to optimize the payment of the Value Added Tax. In this work, a cost-risk analysis model is proposed to determine the impact of a fiscal planning strategy that considers the use of a credit line. The goal is to make a decision that achieves an optimal combination between costs and expected benefits, considering also the risk associated with the occurrence of lack of liquidity. This proposal is focused on the minimization of what is called the total impact function, defined as the sum of the cost and risk functions. The methodological proposal is illustrated with real data from a hardware wholesale company in Hermosillo, Sonora, Mexico. A simulation study was carried out to show the applicability of this proposal.

Translated title of the contributionVAT optimization through a probabilistic risk model for financial planning
Original languageSpanish
Pages (from-to)330-345
Number of pages16
JournalContaduria y Administracion
Issue number2
StatePublished - 2022

Bibliographical note

Publisher Copyright:
© 2019 Universidad Nacional Autónoma de México.


Dive into the research topics of 'VAT optimization through a probabilistic risk model for financial planning'. Together they form a unique fingerprint.

Cite this