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‘Hotels will pay less income tax’, President Iván Duque

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Jul , 4
‘Hotels will pay less income tax’, President Iván Duque

The income tax in Colombia can be around 32% or 33% and in the Financing Law we want to lower it to at least 30%, “said President Iván Duque during the installation of the twenty-fourth Cotelco congress, organized in the city. from Pereira.

According to the president, the government would be planning to make this change in the tax, which he described as “significantly lower than in other sectors,” to support the growth of the country’s hotel industry, since it calculates that for each new room, create a job

He also pointed out that the measure will govern during the next eight years and that, in some areas of the country, the tax will be 0%.

“So that we have these two clear policies, a concrete income tax and the idea of ​​zero income tax for twenty years in special areas of tourism development, which need to see hope in tourism, such as La Guajira and some departments of the Orinoquía, “he explained.

In addition, the president stressed that he wants to accompany these initiatives “with the possibility of discounting 100% of the VAT that is invested in capital goods”, an announcement that was well received by the audience.

On the other hand, stressed that it is important to protect employers who are “working with high standards” and ensure they can have equal conditions to compete.

Therefore, he pointed out that the vice minister of tourism, Juan Pablo Franky, will begin to develop regulatory mechanisms so that users of technological platforms such as Airbnb have to register with the National Registry of Tourism, and at the same time, pay taxes.

“While it is true that we are in a world of collaborative economies, disloyalty can not be allowed,” he said.

However, Duque promised that the hospitality industry will have a representative on the board of Directors of ProColombia, an entity that it considers fundamental in the promotion of tourism.

These strategies will be aimed at strengthening this item, which currently represents 3.8% of GDP, being below 10% of the regional average.

For his part, Gustavo Toro, president of the organization, highlighted the leading role that territorial authorities should have, “if there are no committed mayors and governors, we will hardly be able to take this industry forward”.

SOURCE: EL TIEMPO Casa Editorial