06/10/2021
BENEFITS FROM THE TOURISM DEVELOPMENT LAW
1) Exemption from the payment of Income Tax, Net Asset Tax and Solidarity Contribution and its Related, for a period of fifteen (15) years that can be extended;
2) Exemption from Income Tax and any of its withholdings on payments of services or fees contracted with national and foreign natural or legal persons, indispensable for the studies, installation, implementation, engineering, construction and monitoring of the project for up to a period of five (5) years;
3) Exemption from the payment of Sales Tax on local purchases of goods and services directly linked to the construction, renovation or restoration, new infrastructure, complementary investments, or new investments in tourism activity qualified by the Honduran Institute of Tourism (IHT) for a non-extendable period of ten (10) years;
(4) Projects enjoy all the benefits set out in the Customs Act in relation to the importation of machinery and equipment necessary for machinery and equipment must be intended solely and exclusively for the project;
5) Within these benefits, it includes the exemption from the payment of Customs Import Duties (DAI), Selective Consumption Tax and tariffs, fees, surcharges, duties, general and special contributions and other customs taxes on the import and local purchase of inputs, goods, materials, and equipment directly related to the development, installation, construction, equipment, repair, replacement, and maintenance of the Tourism Project for up to a period of ten (10) years.
This exemption does not include fees for electronic, security or modernization services, which must be paid for the services and controls provided by the Customs Administration.
