MEF confirms that tax incentives will be given to the Tourism sector

The Government will give tax incentives to the Tourism sector, as confirmed by the head of the Ministry of Economy and Finance (MEF), Pedro Francke.

“We are preparing new measures for the tourism sector, some measures such as long weekends have been successful, but in particular it seems to us that the tourism sector must also be considered for the short term, for the reactivation period, tax incentives and / or also measures that can give incentives to the generation of employment ”, said the minister during his participation in CADE Executives 2021.

Francke also announced that it is being evaluated to provide an additional incentive for job creation in this sector that was hit hardest by the pandemic.

“We have given a measure like the bonus to formal workers, but there have been experiences of giving additional incentives to companies that create jobs, and it seems to us that the tourism sector in particular is a policy that we can give support because it is a hit sector that generates a lot of employment and it has a lot of potential ”, he pointed out.

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