Law Reforms to Reactivate Tourism

A decree reform to promote local tourism, and a bill that would grant tax exemptions for investments in certain tourist sites, are some of the proposals to boost tourism activity in Guatemala.

Monday, February 26, 2018

In addition to the decree that moves holidays to a Monday or Friday in order to favor destinations which are further away by creating long weekends, and the bill that would give tax benefits to investments in tourist sites, authorities at the Guatemalan Institute of Tourism also intend to modify the institution's Organic Law.

See "Tourism in Guatemala: Growth Projected in 2018"

Regarding Decree 42-2010 that promotes domestic tourism, the director of the Inguat, Jorge Mario Chajón, explained to Dca.gob.gt that the modifications were " ... revealed in a third reading by the deputies on Tuesday, February 20, Destinations located in Izabal, Petén, Huehuetenango and San Marcos would be the most favored by having longer breaks."

In relation to the bill, "... this will be presented in the second semester in Congress, and will seek to provide tax benefits to companies that invest in infrastructure in specific sites."

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More on this topic

Guatemala: Resumption of Tourism Incentive Plan

August 2017

A draft bill proposed by the Executive includes the exemption for five years from import tax on goods needed to start development of tourism projects.

The bill that has been promoted by the Inguat since last year includes several incentives such as tax exemptions and others, but it has not yet been agreed with companies in the tourism sector.

Honduras: Incentives for Investment in Tourism

July 2017

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.

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. 

Guatemala: Tourism Promotion Plans 2017

June 2017

Throughout the rest of the year Guatemala will take part in 39 tourist fairs in Europe, South America and the United States.

The aim of the Guatemalan Tourism Institute (Inguat) is to strengthen marketing and promotion of the country as a tourist destination in the markets that traditionally have been the main emitters of tourists to Guatemala.

Guatemala: Tax Incentives for Tourism Investment

October 2016

A bill prepared by the Guatemalan Institute of Tourism proposes giving tax benefits to companies investing in the areas of Izabal, Las Verapaces, and Petén.

INGUAT director Jorge Mario Chajón told Elperiodico.com.gt that "... it is an initiative that is still under discussion, but aims to address problems in the departments' which have been abandoned for a long time and do not have any developed tourist infrastructure'."

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