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The Ministry of Economy and Finance confirmed that the tourism sector is in recession due to the constant downfall it faces due to the protest-induced shutdowns.
Social conflicts have already caused the tourism sector about $600 million in losses, said the head of the Ministry of Foreign Trade and Tourism (Minchetur), Luis Fernando Elguero, and what is being done in this situation?
Both ministries presented the “Con Punche Peru Tourism” program aimed at reactivating the sector, which is one of the main activities in the regions where conflicts have been reported.
What measures?
First will be tax flexibility for companies in the industry, and the deadline for submitting a request for reprogramming of Reactiva Perú and FAE Turismo has been extended until June 30, 2023.
For both Reactiva and FAE, companies that have already restructured their loans will be granted a second restructuring and a grace period.
The second point is the temporary release of accounts belittling and extending the tax liability to mypes. This will cost the state approximately SGD 960 million.
It was also indicated that the “Impulso Myperu” business promotion program, which finances small businesses in the field of tourism activities with state guarantees, will be provided.
Mincetur also announced the delivery economic subsidy for travel service providers.
“The proposal is to provide a bonus to tourist guides, mountain guides, porters and chefs of the Inca Trail, as well as artisans, to counteract their economic impact as a result of social conflict affecting tourism activities,” they said. . . .
In addition, a number of infrastructure and tourist safety works have been announced to improve the tourist experience. tourists who arrive in the country.
In terms of the benefits that will be provided to tourists, it has been announced that it is proposed to temporarily refund the general sales tax (IGV) for tourists, and this measure will be ready in about two months.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.