Proposed tax relief for hotels

Richard Sealy pic
Minister of Tourism Richard Sealy

Government is moving to slash input costs for hotels.

Minister of Tourism Richard Sealy said meetings were held last week with representatives of the manufacturing and agriculture sectors, who are concerned about the impact this could have on their operations.

But he explained that stakeholders will have the opportunity to be first in line to supply hotels.

All of the inputs, within reason, will be viewed as inputs in an export sector and therefore will not attract any duties or taxation. We’re trying to work it out. It’s not a simple process,” he announced at the reopening of the Escape Hotel in St Lawrence Gap, which has been renamed Infinity on the Beach.

They(stakeholders) are balking at the thought of allowing that but we believe that if we can set the appropriate mechanisms in place where they are given the opportunity to supply the sector first then you can resort to importing,” the minister added.

3 Responses to Proposed tax relief for hotels

  1. Sisi Kitty Greenidge
    Sisi Kitty Greenidge February 17, 2014 at 9:59 am

    I’m no economics expert, but wouldn’t this be problematic in the long run?

    Reply
  2. David E Hall
    David E Hall February 17, 2014 at 5:21 pm

    Is this part of the Tourism Master Plan announced since around January/February 2008. Stupes! This minister is a waste.

    Reply
  3. David E Hall
    David E Hall February 17, 2014 at 5:21 pm

    Is this part of the Tourism Master Plan announced since around January/February 2008. Stupes! This minister is a waste.

    Reply

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