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October 10, 2024
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Asonahores affirms tax revenues contributed by the tourism sector are more than RD$155 billion per year

Asonahores affirms tax revenues contributed by the tourism sector are more than RD$155 billion per year

Punta Cana. – The Hotel and Tourism Association of the Dominican Republic, ASONAHORESindicated that at least 10 out of every 100 pesos of the government’s tax revenues are contributed by tourism activity, highlighting that in 2022 the taxes generated by tourism totaled more than RD$155 billion.

These statements were offered during the opening ceremony of the XXXVI Commercial Exhibition, the largest business platform between suppliers and companies in the tourism sector, which will be held until October 11 at BlueMall Puntacana, which was inaugurated by the Vice President of the Republic, Raquel Peña and the Minister of Tourism, David Collado, together with the ASONAHORES business community.

David Llibre, president of ASONAHORES, explained that for every peso that the State frees from taxes on tourism, the dynamism of the productive chain of the sector returns 12 pesos, interconnecting with the other sectors of the economy through the purchases of goods and services. through purchases that amount to 139 billion pesos.

“In all purchases made by the tourism industry of recorded goods and services, the ITBIS is paid. Therefore, we call for the current fiscal structure that supports the tourism sector to be improved, but not eliminated, to continue attracting investments that allow the growth of the industry to increase and continue generating contributions to the treasury,” said Llibre. .

Likewise, he expressed that the Dominican tourism industry attracts a significant amount of foreign direct investment, contributing approximately 3 of every 10 dollars generated in foreign currency by the Dominican economy, making it one of the main responsible for maintaining the exchange stability of our country. country.

ASONAHORES specified that to increase the arrival of two million visitors to the country, 5,000 million dollars in foreign investment are required and this is only possible with current legislation.

“We believe that the incentives granted by CONFOTUR should be aimed at projects that provide a minimum number of direct jobs per room, offer improvements in the working conditions of direct collaborators, bet on the use of renewable energy, have a reuse plan in the use of water for irrigation and recovery of solid waste, make investments for the renewal of their plant in the long term and have a commitment to social responsibility with their community,” Llibre highlighted.

XXXVI Commercial Exhibition recognizes the productive chain of tourism

Aguie Lendor, executive vice president of Asonahores, expressed that, in this new edition of the Commercial Exhibition, the entity seeks to promote the development of the productive chain and strengthen commercial relationships, to promote sustainable growth in the tourism sector and benefit all the actors involved. in the tourism industry.

The Asonahores Commercial Exhibition has the support of the Ministry of Tourism; Punta Cana – Macao Energy Consortium, CEPM; Dominican Popular Bank; INTESOL CORPORATION; Banreservas; INDUBAN; Dominican course; Therrestra; Novotecnic Dominicana; BHD Bank; SGC, Services, Guarantee and Quality; Blue Planet; Banco López de Haro; Construction Company of the Country, CODELPA; Dominican Wood Importer, IMDOMACA; Finishes and Paints, Sherwin-Williams Paints; Viega; Vertex; Aquasport; Reid & Company; Trucks; BM Cargo; NTD Ingredients; Oldach Trading; INTELCA; Induveca; Puntacana Group; Nestlé Dominicana; TCO Networks; Equimax; National Institute of Vocational Technical Training, INFOTEP; Dominican IMCA; Bii Dominicana; Servex Dominicana; McCain Foods Limited; DMK Lawyers; QA Legal and Michel Abreú Abogados.

You can also read: Sigmund Freund: tax reform will have a positive impact



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