Nicaragua Passes New Tourism Bill

Congress passed a new tourism bill, which, among other changes, increases some taxes paid by tourists.

Thursday, June 3, 2010

The price of the tourist card, for example, was increased from $5 to $10, and hotel rooms priced above $30 will pay an additional 2%.

“Flight tickets purchased outside the country will cost an additional $5, and motel services will be $0.5 more expensive”, reported Laprensa.com.ni.

Additionally, the bill creates the Tourism Promotion Committee, intended to assist the Nicaraguan Tourism Institute in marketing the country, among others.

More on this topic

Free Zones Law Reform in El Salvador

February 2013

Companies starting operations in free zones outside the metropolitan area will be fully exempt from income tax for 15 years.

From a press release issued by the Legislative Assembly of El Salvador:

With 82 votes from all of the parliamentary groups, the Legislature approved tonight reforms to the Law on Industrial Free Zones, which according to the ruling, will generate greater certainty and legal security for the productive sector.

Pressure for Changes to Customs Act

August 2012

Among the changes requested by the Guatemalan private sector, are the elimination of insurance for theft of goods in transit and the current billing method.

Private sector representatives together with the Tax Authority (SAT) are working on a draft for a new law, which introduces changes to almost 80% of the current Customs Act.

$ 10 Million for Nicaraguan Tourism

November 2010

The country will improve its tourism offerings in San Juan del Sur and Granada with the IDB loan.

The loan will finance the recovery and improvement of tourism resources in both areas, and will provide training and technical assistance to micro, small and medium enterprises to increase the quality of tourism services.

Nicaragua Discusses Reforms to Tourism Law

April 2010

A new bill would increase taxes to touristic services.

Ramón Macías Luna, president of the tourism committee at Congress, explained that the project would increase to entry taxes, and levies on air tickets and hotels.

As of now, Nicaragua has the lowest tax burden on tourism activities in Central America, he added.

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