Tax hike could shatter “dreams” of tourism-based development
Santo Domingo.- Dominican Republic Hotels and Tourism Association (ASONAHORES) Wednesday said the current tax burden in that sector exceeds 23%, making it 76% higher than the government’s figure for the entire economy and warned that if Congress approves the tax increase, it would shatter the “dreams” of a tourism-based development.
In his keynote speech for the Dominican Tourism Forum (FODATUR), which began today, ASONAHORES president Luis Emilio Rodriguez Amiama rebuked some government officials’ comments made yesterday on tourism’s tax contribution, voiced in a meeting of the Congressional committee that studies the proposed tax increase.
He told industry leaders and provincial associations that are wagering on tourism to develop their regions today that it’s an “uphill battle to attract investment and we must strive to reach tourists.”
“What will happen if our legislators are sleeping with the siren songs of the promoters of the tax increases and increase the disadvantages that we already have with our competitors,” the business leader said.
“If it the proposed tax increase affects competitiveness levels, we might as well forget the good ideas we’ve come up with of relying on tourism to develop our communities, because it will shatter our dreams,” Amiama Rodriguez said.
Each year FODATUR brings together leaders from tourism entities, provinces, mayors and legislators of tourist communities, local organizations and representatives from the 10 tourism clusters, while the Dominican Tourism Competitiveness Consortium (CDCT) is an activity funded by the U.S. Agency for International Development (USAID).
Source: Dominican Today
Category: DR News |