Tourism Industry News
Jamaica offers incentives to tourism entities
Jamaica’s Tourism Minister Edmund Bartlett has announced Cabinet’s approval of the Tourism Industry Refurbishment Programme (TIRP), as part of efforts to boost the sector and grow revenues.
Under the new incentive programme, tourism entities licensed by the Jamaica Tourist Board (JTB), which are tax compliant, will be allowed a concessionary import duty rate of ten per cent on a specified list of items for the refurbishing of their properties. Bartlett said entities which opt to purchase locally will be given a 15 per cent tax credit on the total value of local purchases.
Get the full story at: Guardian