Santo Domingo.- President Luis Abinader stated this Monday that the coming days will will meet with the hotel sector, to address the concerns they have expressed regarding the tax reform project which, among other provisions, contemplates the elimination of incentives for tourism.
ASONAHORES predicts tourism will fall with tax reform
And the Fiscal Modernization Bill presented by the president has caused a stir in public opinion, due to some provisions that, in the opinion of some sectors, could affect the national economy.
Such is the case of the National Hotel and Tourism Association (ASONAHORES), who considered that the tax reform It will have a negative effect on the economy, with regard to tourism, which is why he requested that it be studied and reconsidered.
Tourists
ASONAHORES explained that in order to attract foreign investment and create new hotels it is necessary to have a tax regime like the current one.
“We agree with modifying and improving the Law for the Promotion of Tourism Development (COMFORT 2001), but in a way that can guarantee investments for new projects and renovations, and helping the State to collect more and better,” said David Llibre, president of the institution.
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However, the project seeks to repeal the preferential tax treatments to the sector tourism, considering that this incentive law has been enacted for decades and circumstances have already changed.
It is for this reason that the president, when approached about the issue, in La Semanal with La Prensa, responded: «We hope to meet with them in the coming days. as well as with many other sectors as well, to see what solution we are looking for. In the case of Pedernales and Montecristi there is the Border Development incentive, which practically has the same conditions that the Tourism Development Council had, but we are going to analyze that part.
Border Development
The Minister of Finance, Jochi Vicente said that in the case of the Border Development Law, modifications are proposed to guarantee that it is used for investments greater than the equivalent of US$5,000,000 and that they maintain a payroll of no less than 100 employees in the area. permanent throughout the operation of the
company.
Regarding the exemption on taxes on fossil fuels, it will be limited to those companies that sell their energy to the national interconnected electrical system.
