Analysis of the applicability of territorial tax benefits and their financial impact on Pymes in the Municipality of Circasia in the Department of Quindío between the taxable years 2015 and 2020

Abstract

The development of this part of the investigation allows the identification of the tax benefits established in the Revenue Code of the municipality of Circasia, in the Department of Quindio, Colombia, regulated through Agreements 024 of 2014 and 001 of 2015, within which the exemptions stand out, exclusions, rates and special bases in certain taxes; the classification of the SMEs of the municipality according to the economic activities and the norms that regulate them, typifying the business sector to which they belong, the legal status through which they were constituted and their position with respect to the other medium and small coexisting companies in the region; and finally, the analysis of the applicability of tax benefits by SMEs that are located in the municipality of Circasia between the taxable years 2015 to 2020. The research is carried out under the descriptive method using an approach mixed, considering a qualitative part given that there is a conceptual, theoretical and documentary referencing; and another quantitative part, by the use of statistical methods and data tabulation for the presentation of the results. In addition, a survey (32 questions) structured by sections according to the type of tax benefit is used as an information collection instrument, that was delivered to the target business population, allowing through its application to obtain relevant data, such as the limited action of the administration regarding the dissemination of information regarding the existing tax benefits in the Revenue Code, the significant use of of the entities on the benefits that encourage the prompt payment of some taxes, and at the same time that issues such as unusable benefits were exposed, given their restricted target audience, as well as the great utility that benefits present as a tool of the State to the time to encourage economic development, generate employment, correct the tax burden and allow them to cope with some of the different problems that companies have in the exercise of their activity, provided that the incentives are designed in such a way that they are profitable and that they are applied by the companies.