Some notes on the deduction of social responsibility expenses for income tax purposes

Abstract

In Peru, there are companies that, due to their activities, mostly extractive, need to incur in a series of expenses to be able to have a cordial relationship with the populations and communities located in places adjacent to the place where such companies develop their operations and thus avoid social conflicts that endanger the activity of the company, as well as the safety of its assets and workers. These expenses are necessary for the companies to achieve their full, peaceful, normal and continuous operation, and therefore, they should be considered as deductible for Income Tax purposes. This article analyzes three possible ways or regimes to achieve this deduction.