Finance Minister downplays worries over Tax Reform effects on Dominican tourism

Finance Minister downplays worries over Tax Reform effects on Dominican tourism

Santo Domingo.- Jochi Vicente, the Minister of Finance, confirmed that the Fiscal Modernization Law will not harm the Dominican Republic’s tourism industry. He made this statement at the National Congress. He boasted about the success and competitiveness of the country’s tourism sector. The tourism sector outshines regional competitors like Mexico and Jamaica. Vicente dismissed any … Read more

Asonahores Warns of Stagnation in Job Growth, Foreign Exchange, and Productive Chains Without Tourism Exemptions

Asonahores Warns of Stagnation in Job Growth, Foreign Exchange, and Productive Chains Without Tourism Exemptions

The Dominican Republic’s Hotel and Tourism Association (Asonahores) reiterated yesterday that it is imperative for the sector to maintain the tax benefits and regime that have propelled its growth over the years in the country. The President of the hotel association, Mr. David Llibre, gave this warning yesterday when the government tendered the Fiscal Modernization … Read more

Honduras and Dominican Republic Ink Tourism Cooperation Agreement

Honduras and Dominican Republic Ink Tourism Cooperation Agreement

In Punta Cana, the Dominican Republic’s and Honduras’s Tourism Ministries inked a deal for tourism, heralding understanding. The conference was graced by both countries’ senior authorities. Minister Yadira Gómez represented Honduras, whilst Minister Miguel David Collado Morales represented the host nation. During the gathering, they highlighted that this treaty signifies a landmark of mutual cooperation … Read more

Asonahores Stands Against Tourism Sector Tax Reform

Asonahores Stands Against Tourism Sector Tax Reform

Asonahores-2-890×510.jpeg” class=”space-bottom-small space-bottom-xs wp-post-image” alt=”” data-attachment-id=”25145″ data-permalink=”https://recorriendoconsalvador.com/2022/12/07/asonahores-juramenta-a-david-llibre-como-su-nuevo-presidente/david-llibre-nuevo-presidente-de-asonahores-2/” data-orig-file=”https://recorriendoconsalvador.com/wp-content/uploads/2022/12/David-Llibre-nuevo-presidente-de-Asonahores-2.jpeg” data-orig-size=”1280,854″ data-comments-opened=”1″ data-image-meta=”{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}” data-image-title=”David Llibre, nuevo presidente de Asonahores (2)” data-image-description=”” data-medium-file=”https://recorriendoconsalvador.com/wp-content/uploads/2022/12/David-Llibre-nuevo-presidente-de-Asonahores-2-300×200.jpeg” data-large-file=”https://recorriendoconsalvador.com/wp-content/uploads/2022/12/David-Llibre-nuevo-presidente-de-Asonahores-2-1024×683.jpeg”/> The proposed government tax reform will harm the economy, chiefly the tourism sector, warns the Association of Hotels and Tourism (ASONAHORES). Institution president, David Llibre, noted that the tourism industry brings in 30% of … Read more

Asonahores Forecasts Decline in Tourism Due to Proposed Tax Reform by the Dominican Government

Asonahores Forecasts Decline in Tourism Due to Proposed Tax Reform by the Dominican Government

Asonahores-62-aniversario-David-Llibre.jpg” alt=”” width=”400″ height=”266″ srcset=”https://infoturdominicano.com/rd/wp-content/uploads/2024/07/Asonahores-62-aniversario-David-Llibre.jpg 400w, https://infoturdominicano.com/rd/wp-content/uploads/2024/07/Asonahores-62-aniversario-David-Llibre-189×126.jpg 189w” sizes=”(max-width: 400px) 100vw, 400px”/>The suggested tax reform by the government is viewed negatively by the Hotel and Tourism Association (ASONAHORES) as it could harm tourism’s economic contribution. Therefore, they are appealing for a reassessment and review of the proposition. David Llibre, the president of ASONAHORES, stated in … Read more

Asonahores Forecasts Decline in Tourism Due to Government’s Proposed Tax Reform

Asonahores Forecasts Decline in Tourism Due to Government’s Proposed Tax Reform

In Punta Cana, the Hotel and Tourism Association (ASONAHORES), has expressed concern over the government’s proposed tax reform. The association argues that such a reform may negatively impact the tourism sector and the economy at large and is calling for further examination and reconsideration. ASONAHORES maintains that attracting foreign investment and building new hotels requires … Read more

Free Zones Association Requests Review of New Taxes in Proposed Tax Reform

Free Zones Association Requests Review of New Taxes in Proposed Tax Reform

In Santo Domingo, RD, we at ADOZONA understand the government’s need for additional revenue to boost the country’s investments. Yet, we believe the idea of applying income tax on Free Zone Parks’ operations deserves reconsideration. The Free Trade Zone model is uniform across the DR CAFTA region. There are no tax structures like the one … Read more

Real Estate: Asonahores Warns that Hotel Chains May Exit the Country if Tourism Incentives are Cut

Real Estate: Asonahores Warns that Hotel Chains May Exit the Country if Tourism Incentives are Cut

SANTO DOMINGO– David Llibre, the Association’s President. National Hotels and Tourism (Asonahores) commented on Tuesday. He said the current proposal could lead to reduced competitiveness. This might drive hotel chains away from the Dominican Republic, negatively impacting tourism. The Tax Modernization Law proposed recently by the Government was the main topic. Llibre, representing the hoteliers, … Read more

Asonahores cautions that the proposed Tax Reform could negatively affect tourism in the Dominican Republic

Asonahores cautions that the proposed Tax Reform could negatively affect tourism in the Dominican Republic

Santo Domingo.- The National Association of Hotels and Tourism (Asonahores) voiced considerable worry over the government’s suggested tax reform. They argued that it may have a negative impact on the tourism sector and economy. Asonahores president, David Llibre, elaborated on the need for competitive tax laws to lure foreign investment and foster new hotel construction. … Read more

Tax Reform Approval Could Lead to Decrease in Tourism, Predicts Asonahores

Tax Reform Approval Could Lead to Decrease in Tourism, Predicts Asonahores

Asonahores, the National Hotel and Tourism Association, has expressed concern regarding the impact of the proposed tax reform on the economy, particularly in terms of tourism. The association believes that the proposal should be carefully analyzed and possibly re-evaluated. Asonahores affirmed that the current tax regime is essential for attracting foreign investment and building new … Read more

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