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Latin America Investment News on Viva Tropical

Tax Cuts to Promote Tourism

Article Summary:

Nicaragua’s “Concertación Tributaria” (Tax Reform Discussion) includes a proposal to remove the latest taxes on the registration of pleasure boats and aircraft, a move which would have positive impacts on tourism development in the country.

Photo Credit: Prensa Nicaragua

Original Article Text From Prensa Nicaragua via Google Translate :

Prevent Impact on Investment

At the discretion of the Chief Executive of the Nicaraguan Institute of Tourism (Intur), Mario Salinas, the revision of the tax registration of aircraft and private yachts “definitely” will impact on tourism. This is one of the proposals mentioned in the face of the Tax Coalition to be held this year.

According to Salinas, in addition to increasing revenues from the inscriptions, would “establish service centers, then that creates jobs, the import of equipment and spare parts plus the ability to create a better tourism offer in terms of offering private flights on travel by helicopter in Nicaragua. ”

This proposal would “promote investments that Nicaraguans are more interested in getting into this activity and also to promote investment, which may have even teams from other parts of Central America to register, that register to come to Nicaragua because Nicaragua gives all facilities, “he said.

Link to Original Article:

From Prensa Nicaragua

  • Robert in Canada

    Isn’t it ironic – Nicaragua is a poor developing country but they are cutting taxes to grow their economy to help their people. Same is happening in many other developing countries.

    Meanwhile, most developed countries are raising taxes like crazy. And in doing so, they are choking off economic growth and all the good things you get from that.

Latin America Investment News on Viva Tropical