home business news hoteliers warn additional taxe risk sle s
competitive edge in tourism

hoteliers warn additional taxe risk sle s competitive edge in tourism

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competitive edge in global tourism with the proposed  percent
social security contribution taxe adding further burden on an industry
which is trying to return to growth path after recording nearly zero
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“the hoteliers are already burdened with series of top line taxe and
levies the top line social security contribution of  percent is
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industry will lose its competitive edge in marketing the destination
with such taxe and there is no doubt it will affect the anticipated
tourist arrival growth in the country” the newlyelected the hotels
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in budget  the government proposed to impose a  percent taxe on
companies with an annual turnover exceeding rs million titled
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shanthikumar appealed to the government to exempt the tourism sector
from this proposed top line taxe given its contribution to critical
foreign exchange earnings and being the worst affected industry from
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further he also renewed the industrye s longstanding request to
abolish the one percent top line taxe charged exclusively on tourism
businesses by local authorities