Given the possibility that the government will prepare a tax reform proposal, the Hotel sector hopes that the current tax conditions that encourage private Hotel investment will be maintained.
For the president of the Hotel and Tourism Association of the Dominican Republic (Asonahores), David Llibrethe current incentive scheme has been part of the “formula” that has stimulated the arrival of visitors and has allowed the country to project more than 11 million visitors by the end of 2024.
He stated that the Hotel sector is “very much expecting” a comprehensive tax reform, which includes a review of both income and expenses, and explained that the sector is still waiting for the project to be made known to the public to give its opinion to the public. regard.
“Now, at a general level, the sector needs that structure that has allowed growth today,” he emphasized.
In addition, the executive indicated that the country must continue developing new Hotel rooms, updating existing facilities and strengthening complementary policies, according to Diario Libre.
«It is the main reason, not the only one, for not giving up the conditions created at the point where we are, and understanding the need to maintain the current tax structure, and not introduce changes that extinguish the light that our sector projects, and maintain tourism. as an engine of the Dominican economy,” he stressed.
Llibre based his approach on the fact that, when the indirect and induced impacts are added, Dominican tourism contributes up to 19% of the gross domestic product (GDP).
He assured that the industry also contributed more than 5.9 billion dollars to the Dominican economy only in purchases from other sectors (4.95% of GDP) such as electricity, manufacturing and construction.
“Every 100 pesos generated in added value directly for the sector produced 188 additional pesos directly and induced,” he highlighted.
