Tax benefits in industrial companies that apply circular economy in Cartagena de Indias year 2022.

Abstract

Since the introduction of the concept of sustainable development in the 1987 Brundtland report, governments have sought to provide incentives through policies that favor sustainability such as tax benefits for companies so that through their activity they contribute to the efficient use of resources and increase the business value, moving from the linear productive model to the circular economic model. The purpose is to analyze the incidence of tax benefits in companies in the industrial sector of the city of Cartagena de Indias with a circular economy approach in the year 2022. Therefore, the big companies that apply as an object of study, the tax benefits that they apply, are determined. have been issued and their impact on companies is evaluated. Methodologically, a mixed approach is used that combines qualitative and quantitative, descriptive methods to detail the tax benefits available, explaining the relationship between the implementation of circular economy practices and the tax benefits for companies. Through documentary and statistical analysis, the data is analyzed, taking into account a representative sample of industrial companies in Cartagena de Indias with a focus on the circular economy in the year 2022. Based on the results obtained, it is considered that, although tax incentives are available, industrial sector companies in the city do not implement strategies toward a circular economy due to implementation costs, risks, resistance to change, and the regulatory uncertainty associated with this transition.