People, Travel

Tax Laws in Favor of Tourism

Tax Laws in Favor of TourismTax Laws in Favor of Tourism

Tourism activists and hotel owners who plan to further develop their activities or set up new buildings, are given a 100% tax exemption for 6 years.

The 50% tax exemption for tourism constructions was also decided to be made permanent, head of the Majlis Economic Commission, Arsalan Fathipour, told CHN.  

Earlier, 50% tax exemption was given for only 5 years.

The incentives are in line with the recent government policies to boost tourism. The country should attract 20 million tourists, according to its vision 2025 plan.