Fiscal Initiatives of Tourism

6% reduction of value added tax for tourist accommodating facilities;
6% reduction of value added tax for every service supply offered in “5 stars Hotel/Resort” with special status;
Accommodating structures like “4 and 5 stars hotels, with special status” and holders of an internationally recognized and registered trademark are excluded from the value added tax for a 10 year period, starting from the beginning of the activity but not later than 3 years after receiving the special status. This exclusion is given for “4 and 5 stars” hotels, until December 2024.
The exemption from tax impact in infrastructure for accommodation facilities such as “5 stars hotels with special status”, holders of an internationally recognized and registered trademark;
The exemption from construction tax for accommodating facilities “5 stars hotels”, with special status,” holders of an internationally recognized and registered trademark.

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