Income tax benefits related to corporate social responsibility in legal persons

Abstract

The purpose of this article is founded on a research related to “income tax benefits   in effect as of 2014, and their contribution to incorporation of the corporate social responsibility – CSR, of Colombian legal persons†and specifically describes CSR spheres applicable by legal persons in Colombia. In this manner, an exploratory research was carried out, structured as follows:  I. Statement on the main tools for report presentation in CSR; II. Explanation of the Global Reporting Initiative –GRI; III. Detail of information reported under GRI4 by the Colombian companies for FY 2013 and 2014; IV. Analysis of reports by category, and economic sector.  Results reveal that in FY 2013 and 2014, 49 companies reported actions on Corporate Social Responsibility under GRI, such companies are involved in various economic sectors, such as financial services, electric power, telecommunications, among other.  By analyzing the report level required by GRI4, regarding actual reporting, the report average of the various economic sectors of Colombia was established, as well as those where there is a lower report than GRI4 criteria.