HOTEL AND TOURISM TAX INCENTIVES

The tax reform, approved on December 13, 2022, left in force the tax incentive for foreign and domestic investment in hotels and tourism. Prior to the enactment of this law it had an income tax rate of 9%, with the reform it went to 15%. In other words, it will continue to be attractive since the general income tax rate for legal entities will be 35%.
The regulation refers to national companies and their assimilated, permanent establishments of foreign entities and foreign legal entities with or without residence in the country.
This benefit will be valid for ten (10) years counted from the beginning of the rendering of the respective service.
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