Hoteliers have suggested making Panama a "duty free" zone for tourists, eliminating customs and import duties and refunding ITBMS to visitors.
Faced with the loss of competitiveness in the Panama hotel sector, entrepreneurs are asking for customs and import taxes to be eliminated, and tourists to be refunded the ITBMS charged when leaving the country. The ultimate goal is to increase the national ITBMS to above 7%, to offset the import tax, informed Herman Bern, of the hotels Miramar, Le Meridien and Westin to Laestrella.com.pa.
Solutions are being sought to the lack of promotion of the country and unfair competition from illegal hotels, so that the occupancy rate, which went from 70% in 2011 to 52% in 2015, can be improved.
According to the Office of the Comptroller General of the Republic, the occupancy rate in Panama fell once again last year, going from 56.1% in 2014 to 52.3% in 2015. The average daily number rooms occupied during the last year was 5,466 compared to 5,816 registered the previous year, representing a 6% drop in this indicator.
Prensa.com reports: "Empresas Bern will benefit from tax incentives, according to the provisions of Resolution No. 078 of June 7 in the official newspaper, a total exemption for a period of five years from import tax on construction materials, and 10 years for furniture, fittings and equipment. "
Hospitality and tourism division of Empresas Bern, a Panamanian company with 30 years of experience in real estate development, construction and sales.
Operates in Panama
Phone: (507-) 206-8843 - (507) 6647-6100