Confotur is a regulatory agency created by Law 158-01, which aims to promote the social and economic development of tourist hubs and provinces in the Dominican Republic.
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TAX INCENTIVES
Confotur offers a series of tax exemptions designed to support the development of tourism infrastructure and complementary offerings, as well as any economic activity geared toward the sustainable development and competitiveness of tourism in the Dominican Republic.
Confotur seeks to encourage the development of new tourism infrastructure in the country, as part of a strategy that will facilitate the growth and competitiveness of tourism in the Dominican Republic.
All individuals or companies undertaking new tourist projects or complementary offerings in the tourism development hubs and provinces, national and foreign companies engaged in tourism activities, as well as investors who are the first buyers of properties approved by the Tourism Development Council (Confotur), are eligible for the incentives and benefits granted under the Confotur law.
Benefits Of Confotur
- Companies domiciled in the country that take advantage of Confotur’s incentives and benefits may be fully (100%) exempted from taxes on the following items:
- Income tax as specified in Article 2 of Law 158-01
- National and municipal taxes on the incorporation of companies, and on capital increases in existing companies
- National and municipal real estate transfer taxes
- Tax on Luxury Housing and Undeveloped Lots (IVSS)
- Import taxes
- Tax on the Transfer of Industrial Goods and Services (ITBIS), which may be applicable to the machinery, equipment, materials, and movable goods required for the construction and initial set-up and operation of the tourist facility in question
- National and international financing, as well as interest on such financing, granted to the companies covered by these incentives will not be subject to any tax payment or withholding.
Activities That Can Be Used By Confotur
- Hotel facilities, resorts, and hotel complexes;
- Construction of facilities for conventions, fairs, international conferences, festivals, shows, and concerts;
- Cruise ship companies that designate any of the ports specified in this law as the home port for the departure and final destination of their vessels;
- Construction and operation of amusement parks, ecological parks, or theme parks;
- Construction and/or operation of port and maritime infrastructures used for tourism, such as marinas and yachting harbors;
- Construction and/or operation of tourist infrastructures, such as aquariums, restaurants, golf courses, sports facilities, or any other establishment that can be classified as pertaining to tourist activities;
- Small and medium enterprises whose market is mainly supported by tourism (crafts, ornamental plants, tropical fish, small native reptile breeding farms, or other similar businesses);
- Infrastructure companies providing basic services for the tourism industry, such as aqueducts, treatment plants, environmental sanitation, and garbage and solid waste collection.