People, Travel

Tax Waiver for New Hotels

Tax Waiver for New HotelsTax Waiver for New Hotels

The new-built hotels in big cities are given tax exemptions for 3 years, reported CHN quoting the chairman of the board of hotel owners association of Iran. Jamshid Hamzezadeh said, for hotels in less developed cities the tax waiver period will be five years.

Currently all hotels benefit from a 50% tax reduction, he added.