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Nicaragua: Tax Cuts to Promote Tourism

source: http://en.centralamericadata.com/en/article/home/Tax_Cuts_to_Promote_Tourism

Nicaragua’s “Concertación Tributaria” (Tax Reform Discussion) includes a proposal to remove the latest taxes to registration of pleasure boats and aircraft.

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An article Laprensa.com.ni reports that Mario Salinas, chief executive of the Nicaraguan Institute of Tourism (Intur) noted the positive impact that a review and elimination of taxes collected on the registration of yachts and private aircraft, introduced in 2010, would have on the tourism sector.

According to Salinas, in addition to increasing revenues from entries, this would “establish service centers, that then create jobs, the import of equipment and spare parts plus the ability to create a better tourism offer in terms of supply of private flights, such as helicopter tours in Nicaragua. ”

 

 

Additional source:http://www.laprensa.com.ni/2012/07/21/activos/109369-preven-impacto-inversiones

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