Honduras: Incentives for Investment in Tourism

Between August and September a new law could be approved that would grant exemptions and other incentives to investments in hotel infrastructure and other tourist activities.

Thursday, July 20, 2017

The tourism incentives bill was presented by President Hernández to the National Congress, which expects to complete the approval process no later than September. If approved, the new law would grant various tax benefits and incentives to investors developing tourism projects. 

Among the incentives included in the bill are a decrease in the payment of income tax, elimination of import taxes and "... charges on the sale of land for hotel construction."

Elheraldo.hn reports that "...In addition, creation of funds are proposed to support land and air transport in tourism, as well as the possibility of forming investment trusts and the creation of a fund for investment, promotion and development of tourism."

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The exemption of the payment of several taxes for a term of up to 15 years is one of the benefits granted by the new tourism law approved by the Honduran Congress.

Among the incentives included in the bill recently approved by the Congress of Honduras is a decrease in the payment of income tax, elimination of import taxes and "... taxes on the sale of land for hotel construction."

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