Other incentives being offered include the payment of only $0.05 per building permit, regardless of the size of the land where it the parking lot will be built. Also included is "... exemption on payment of the fee for Sales Volume or property tax over a period of between three and five years."

Walter Stolz, Manager of Construction Control of the Municipality of the Central District of Tegucigalpa (CDMA) told Elheraldo.hn that "... These incentives will apply only to natural or legal persons that build deck parking (towers) that are public, ie, not for the exclusive use of an institution. " "... The owners of houses, buildings, land or premises located in central and residential areas contemplating constructing a parking lot, must submit a plan of interest to the Management Control Building at City Hall. "

"... Among the areas included in the program are the commercial area of ​​Comayagüela, downtown Tegucigalpa, streets near Instituto de la Propiedad and Cascadas Mall, Colonia Palmira, Colonia San Carlos, Colonia Los Maroon and 15 de Septiembre, parallel to the airport Toncontín and customs offices. "

Source: elheraldo.hn

More on this topic

SMBs: Benefit Period Extended

December 2019

In Honduras, Congress extended for two more years the validity of the Law to Support Micro and Small Enterprises, which grants benefits such as exemption from payment of income tax and other taxes.

To opt for the benefits granted by the law, interested parties must process their permits, national and municipal licenses for its operation, reports a statement issued by Congress.

Incentives for the Construction of Parking Lots

February 2019

In Panama, the National Assembly approved Law 63, which promotes and encourages the construction of underground parking spaces through tax benefits.

The law initiative approved on February 12 contemplates the following tax incentives:

Tax Incentive for Second-Hand Electric Vehicles

November 2018

In Costa Rica, the government approved a decree that exonerates from the payment of the selective consumption tax to second-hand electric cars that are 5 or less years in service.

To encourage the use of electric vehicles in the country, the Alvarado administration signed the Executive Decree 41426-H-MINAE-MOPT, which grants a fiscal benefit to second-hand electric vehicles whose antiquity is equal to or less than 5 years from the year of its model.

Honduras: Tax Incentives Approved for Tourism

August 2017

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."