Coronavirus-torn Hotels Resorts to Tax Relief

The Board of Investments has approved tax incentives for tourism enterprises that would rehabilitate and upgrade their facilities for health and safety purposes, the Department of Tourism said.

Tourism Secretary Bernadette Romulo-Puyat SAID, “Tax incentives include income tax holiday for three years and duty-free importation of capital equipment.”

Romulo-Puyat said hotels, resorts and tourist transport firms are entitled to levy breaks. She added that the BOI will be asked to include tour operators in the list of beneficiaries as they, too, “have to make adjustments for the new normal.”

The incentives would cover renovation of guest rooms, food and beverage outlets, function meeting rooms, recreational areas, other common areas, upgrades of laundry, kitchen, housekeeping and employee facilities, building of full, partial or moveable partitions, and installation of thermal scanners and hygiene gates and booths, the official added.

Source: https://www.cnnphilippines.com/business/2020/6/10/tourism-sector-tax-relief-.html

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