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

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LEGISLATIVE ASSEMBLY-REPUBLIC OF EL SALVADOR

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DECREE NO 88

THE LEGISLATIVE ASSEMBLY OF THE REPUBLIC OF EL SALVADOR,

CONSIDERING:

I.-That by Legislative Decree No. 899 dated December 10, 2005, published in Official Journal No. 237, Volume N ° 369, of the 20th of the same month and year,

the Law of Tourism was issued, in order to promote, promote and regulate tourism services in the country, provided by natural or legal persons,

II.-That by Legislative Decree No. 570, dated December 17, 2010, published in Official Journal No. 241, Volume No. 389, of the 23rd of the same month and year,

the aforementioned Law was reformed, with the aim of encourage micro, small and medium-sized enterprises to request the qualification of their investments as a National Tourism Interest Project and to choose to enjoy the respective incentives

In order to request that the investments in the tourist area be qualified as projects of that

III.-That with the promotion carried out in the tourism sector, reflected in the growing income of tourists to the national territory, the demand for tourist infrastructure and complementary tourist services has increased, what is

requires more investment.

IV.-That it is indispensable to provide the minimum conditions to the investors, between

the legal certainty, to increase the competitiveness and to start the transformation of the industry tourism, focusing on sustainability and the generation of opportunities for all.

V.-That it is essential to search for investments that allow the development of innovative projects that raise the country towards new standards, which makes

necessary to extend the deadline set in article 36 of the Law of Tourism, with the purpose of requesting that all new investment in the tourist area be qualified as a National Tourist Interest Project, as regulated

by the Law and can obtain the corresponding tax incentives; the employment, social and economic welfare of all the participants in this important sector of the

FOR TANTO,

in use of its Constitutional powers and on the initiative of the President of the Republic, through the Ministers of Finance, Economy and Tourism.

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DECRETA the following

TRANSITIONAL PROVISION TO THE TOURISM ACT

Art. 1.-For a period of five years, extend the period for requesting tax incentives to

referred to in Art. 36 of the Tourism Act, counted from the day one of January of two thousand sixteen

Art. 2. This Decree shall enter into force on the day of its publication in the Official Journal

.

GIVEN IN THE BLUE HALL OF THE LEGISLATIVE PALACE: San Salvador, at the fourteen days of the month

of August two thousand fifteen.

LORENA GUADALUPE PEÑA MENDOZA,

PRESIDENT.

GUILLERMO ANTONIO GALLEGOS NAVARRETE, ANA VILMA ALMASEZ DE ESCOBAR,

FIRST VICE PRESIDENT. SECOND VICE-PRESIDENT.

JOSÉ SERAFIN ORANTES RODRÍGUEZ, NORMAN NOEL QUIJANO GONZÁLEZ, THIRD VICE-PRESIDENT. FOURTH VICE-PRESIDENT.

SANTIAGO FLORES ALFARO, FIFTH VICE PRESIDENT.

GUILLERMO FRANCISCO MATA BENNETT, DAVID ERNESTO REYES MOLINA, FIRST SECRETARY. SECOND SECRETARY.

MARIO ALBERTO TENORIO GUERRERO, REYNALDO ANTONIO LÓPEZ CARDOZA, THIRD SECRETARY. FOURTH SECRETARY.

JACKELINE NOEMI RIVERA AVALOS, JORGE ALBERTO ESCOBAR BERNAL, FIFTH SECRETARY. SIXTH SECRETARY.

ABILIO ORESTES RODRÍGUEZ MENJÍVAR, JOSÉ FRANCISCO MERINO LÓPEZ, SEVENTH SECRETARY. EIGHTH SECRETARY.

CASA PRESIDENTIAL: San Salvador, at the twenty-eight days of August of the year two thousand

fifteen.

PUBESQUIESE,

Salvador Sánchez Cerén, President of the Republic.

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Juan Ramon Carlos Enrique Cáceres Chávez, Minister of Finance.

José Napoleon Duarte Duran, Tharsis Salomon López Guzmán, Minister of Tourism. Minister of Economics.

D. O. N ° 159

Took N ° 408 Date: September 2, 2015

SV/adar 28-09-2015

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