INCENTIVES |
LEGISLATION |
SERVICES
OF THE HOTEL INDUSTRY:
- Exemption from
all taxes and surcharges applied to the importation or local purchase of articles
indispensable for the operation or installation of new companies, or of existing
companies, which offer new services, as well as for the construction, expansion or
remodeling of the respective structure. This
exemption excludes the exemption of sales taxes, except in the case of the initial
investment to acquire indispensable items and materials for the construction of the
facilities destined to set each project in operation.
The additions, expansions, transformations, or
acquisition of equipment will be subject to the payment of said tax. (* As set forth in the amendments of Articles 7
and 8 of the Tax Simplification and Efficiency Law N° 8114)
- Accelerated
depreciation of assets, which, given their use and nature, wear out more quickly.
- Issuance of
municipal licenses within a maximum of thirty calendar days after presentation of the
application.
- Authorization
from the Central Bank for Costa Rican hotels serving
international tourists to accept foreign currency from tourists.
- Exemption from
the real estate tax for up to six years.
|
Law
on Incentives for the Development of Tourism N° 6990, Art. 7.
Implementing
Regulations of the Law on Incentives for the Development of Tourism, DE-24863-H-TUR, Art.
30.
Tax Simplification
and Efficiency Law N° 8114, Articles 17, Clause b) and 18. |
INTERNATIONAL AND
NATIONAL AIR TRANSPORTATION:
Accelerated
deprecation pursuant to the Income Tax Law.
Provision of
fuel at a competitive price
Exemption of all
taxes and surcharges on the importation or local purchase of spare parts for the operation
of the aircraft.
*
(The Sales Tax exemptions have been revoked by the Tax Simplification and Efficiency Law
N° 8114). |
Law N° 6990, Art.
7.
Implementing
Regulations of the Law on Incentives for the Development of Tourism, Art. 32.
Tax Simplification
and Efficiency Law N° 8114, Article 17, Clause b). |
AQUATIC
TRANSPORTATION OF TOURISTS:
- Exemption from all taxes and surcharges applied to the importation or local purchase of
goods indispensable to the construction, expansion or remodeling of piers and other
facilities used for the embarkation and disembarkation of tourists, as well as for the
construction and maintenance of marinas and spas destined to the attention of tourism.
- Accelerated
depreciation in accordance with the Income Tax Law.
- Exemption
from all taxes and surcharges, except customs duties, which are set at twenty percent
(20%), for the importation or local purchase of watercraft.
*
(The Sales Tax exemptions have been revoked by the Tax Simplification and Efficiency Law
N° 8114). |
Law N° 6990, Art.
7.
Implementing
Regulations of the Law on Incentives for the Development of Tourism, Art. 34.
Tax Simplification
and Efficiency Law N° 8114, Article 17, Clause b). |
TRAVEL AGENCIES FOR RECEPTIVE TOURISM
- Exemption from
all taxes and surcharges, except customs duties (5%), on the importation of vehicles with
a minimum capacity to transport at least 15 passengers.
* (The Sales Tax exemptions have been revoked by the
Tax Simplification and Efficiency Law N° 8114.) |
Law N° 6990, Art.
7.
Implementing
Regulations of the Law on Incentives for the Development of Tourism, Art. 33
Tax Simplification
and Efficiency Law N° 8114, Article 17, Clause b). |
RENTAL OF VEHICLES TO FOREIGN AND NATIONAL
TOURISTS
Exemption
from fifty percent (50%) of the total amount derived from the application of taxes
currently in force on the importation of motor vehicles to be used exclusively for rental
to tourists. The vehicles exonerated under this law must be replaced every three years.
* (The Sales Tax exemptions have been revoked by the
Tax Simplification and Efficiency Law N° 8114.) |
Regulations
Governing the Activities of Companies that Rent vehicles. DE-25148-H-TUR, Art. 15.
Tax Simplification
and Efficiency Law N° 8114, Article 17, Clause b). |