Benefits of the Special Tax Regime Special Economic and Social Zone versus the Ordinary Income Tax Regime: An empirical study

Abstract

The objective of the work was to comparatively analyze the benefits of the special tax regime Special Economic and Social Zone versus the ordinary regime that the company Indupalmarito S.A.S. obtains in the payment of income tax according to Law 1955 of 2019. The methodology had a quantitative approach with non-experimental and deductive design, which is applied to an intentional sample of fourteen agro-industrial companies of the oil palm sector of the Catatumbo region. The survey was used to collect information from the companies in the sector, and a documentary review was conducted to analyze the company's tax burden under study during the 2021 and 2022 periods. The results revealed that the requirements and tax benefits established by Law 1955 of 2019 were evident; however, it was found that some companies did not know the details of the regulations, requirements, regions benefited, deadlines, and purposes of the tax benefit that was proposed to increase employment generation and economic development. It was concluded that the tax benefits allow most of the companies in the sector to increase the hiring of direct personnel by at least 15,00 % and, at the same time, increase the profit after tax.