Extended Deadline To Apply For Tax Incentives, Referred To In Article 36 Of The Law Of Tourism

Original Language Title: Prorrógase plazo para solicitar incentivos fiscales, referidos en el Art. 36 de la Ley De Turismo

Read the untranslated law here: http://www.asamblea.gob.sv/eparlamento/indice-legislativo/buscador-de-documentos-legislativos/prorrogase-por-cinco-anos-mas-la-disposicion-transitoria-contenida-en-el-art.-36-de-la-ley-de-turismo/archivo_documento_legislativo

1 Decree N ° 88, the Legislative Assembly of the Republic of EL SALVADOR: I.-that through Legislative Decree N ° 899, dated December 10, 2005, published in the official journal N ° 237, volume N ° 369, 20 the same month and year, issued the law on tourism, in order to encourage, promote and regulate the tourist in the country provided by persons, natural or legal, domestic or foreign.
II. that by means of Legislative Decree N ° 570, dated December 17, 2010, published in the official journal N ° 241, Tome N ° 389, 23 of the same month and year, was amended the Act, in order to promote the micro, small and medium-sized enterprises apply for the qualification of their investments as a project of national tourist interest and who opted to enjoy the respective tax incentives; having been extended for five years the deadline to request that investments in the tourist area were described as projects of this nature.
III.-that the promotion in the tourism sector, reflected in the rising income of tourists to the country, has increased the demand for tourist infrastructure and complementary tourism services, so it requires greater investment.
IV.-that is essential to provide the minimum conditions to investors, including the legal certainty, in order to increase competitiveness and initiate the transformation of tourism industry, focusing on sustainability and the creation of opportunities for all.
V-which is essential to the search for investments which will enable the development of innovative projects that raise the country toward new standards, making it necessary to extend the period specified in article 36 of the law of tourism, in order to request that all new investment in the tourist area is rated as a project of national tourist interest, subject to regulated by law and to obtain the corresponding tax incentives; thus encouraging the employment, social and economic well-being to all participants in this important sector of the economy.
Therefore, use of his constitutional powers and at the initiative of the President of the Republic, through the Ministers of finance, economy and tourism.

2 DECREES the following provision TRANSIENT to the law of tourism article 1.-extend for a period of five years the deadline to apply for the tax incentives referred to in article 36 of the law of tourism, counted from the day one of January of two thousand sixteen article 2.-the present Decree shall enter into force as from the day of its publication in the official journal.
GIVEN in the blue room of the Legislative Palace: San Salvador, fourteen days after the month of August of two thousand fifteen.
LORRAINE GUADALUPE PENA MENDOZA, PRESIDENT.
GUILLERMO ANTONIO GALLEGOS NAVARRETE, ANA VILMA ALBANEZ DE ESCOBAR, SENIOR VICE PRESIDENT. SECOND VICE PRESIDENT.
JOSE SERAFIN RODRIGUEZ ORANTES, NORMAN NOEL QUIJANO GONZÁLEZ, THIRD VICE-PRESIDENT. FOURTH VICE PRESIDENT.
SANTIAGO FLORES ALFARO, FIFTH VICE PRESIDENT.
WILLIAM FRANCISCO MATA BENNETT, DAVID ERNESTO REYES MOLINA, FIRST SECRETARY. SECOND SECRETARY.
MARIO ALBERTO TENORIO GUERRERO, REYNALDO ANTONIO LOPEZ CARDOZA, THIRD SECRETARY. FOURTH SECRETARY.
JACKELINE NOEMI RIVERA AVALOS, JORGE ALBERTO ESCOBAR BERNAL, FIFTH SECRETARY. SIXTH SECRETARY.
ABILIO ORESTES RODRIGUEZ MENJIVAR, JOSE FRANCISCO MERINO LÓPEZ, SEVENTH SECRETARY. EIGHTH SECRETARY.
Presidential House: San Salvador, twenty-eight days of the month of August two thousand and fifteen year.
PUBLISHED, Salvador Sanchez Ceren, President of the Republic.

3 Juan Ramon Carlos Enrique Caceres Chavez, Minister of finance.
José Napoleón Duarte Durán, Tharsis Salomon Lopez Guzman, Minister of tourism. Minister of the economy.

D. O. N ° 159 volume N ° 408 date: 2 September 2015 SV/adar 28-09-2015 legislative index