2005News

Minister of Tourism on sector incentives

Tourism Minister Felix Jimenez announced yesterday that the government would modify the three laws that provide incentives for the tourism industry. However, he did reassure that the special benefits and tax exemptions for all-inclusive hotels, marinas, convention centers and theme parks would be maintained. The plan is to avoid a stalemate in the sector, and Jimenez said that the project would be handed to Congress as part of the IMF agreement that was signed in January. The tourism boss said that the IMF had requested the removal of tax incentives in the tourism sector.