Tax Incentives Culture: An Analysis of Corporate Disclosures in Southern Brazil

• Published in: Sociedade, contabilidade e gestão Vol. 11; no. 3; pp. 65 - 79
• Main Authors: Luciano Gomes dos Reis, Felipe Pagni, Raissa Gouveia Ancioto, Maria Carolina de Paula Oliveira
• Format: Journal Article
• Language: Portuguese
• Published: Universidade Federal do Rio de Janeiro 01.12.2016
• Subjects: Rouanet; Social Responsibility; Tax Incentives
• ISSN: 1982-7342; 1982-7342

The disclosure of tax incentives Culture is essential for external users to make full analysis of the benefits generated by them. In this sense, the aim of this study was to verify the consistency and form of disclosure of the information disclosed by the Corporation Publicly Traded in southern Brazil, from the perspective of reducing the tax burden and the amount allocated to the Culture. The sample consisted of 27 Corporate Capital Open in southern Brazil and analyzed its financial statements, accompanying notes and supplementary reports through pre-established keywords, characterizing the research as descriptive, with a qualitative approach. The results showed the importance of the Notes, the Management Report and additional reports as Social and Sustainability Report. These reports had relevant information and helpful research. However, many of them did not have clear information about the tax incentives for culture. Some companies released the tax incentive culture along with other incentives, such as the Workers Food Program - PAT, which did not allow detailed analysis of the data. We found cases of disagreement between the Ministry of Culture and information disclosed statements. In some cases, were observed lack of information about the tax incentives in the statements and supplementary reports. It was concluded that the disclosure is lower than necessary, because only four out of a total of twenty seven companies analyzed, reported consistent, complete and appropriate on tax incentives for culture.