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Hotel Industry
1- Tax and surtax exemption on the import or purchase of goods essential for the functioning or installation of a new corporation, or for those already established which are offering services to the tourists. This also applies to the purchase of goods used by a new or already established corporation in the building, extension, or remodelling of the building from where they operate, with the exception of automobiles and fuel. This exemption does not apply either on the import of goods similar to those manufactured in the signing countries of the Central American Customs and Tariffs Agreement, in similar conditions in terms of quality, quantity, and prices according to the Commerce, Economy, and Industry Ministry.
2- According to the Income Tax Law, advanced depreciation of assets that depending on their nature and use are worn out faster.
3- The corresponding municipal concessions of patents and permits that the corporations need for their operation. The municipalities will give these patents within the 30 days following their request and will charge the corresponding tax. There are no patent concessions for gambling houses that are prohibited by other laws.
4- The Central Bank authorization to the hotels to serve as an auxiliary foreign exchange office. The operations will be performed under the name and account number of the Costa Rican Central Bank which will establish in the corresponding agreement the terms and conditions under which the hotel will transfer the money they receive through this activity.
5- Land tax exemption for a period of 6 years, as of the execution date of the contract for those commercial establishments already settled or to be settled outside the Metropolitan area.
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