Hotel Incentive - JAMPRO
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Tourism Accommodation Incentive
The Fiscal Incentives Regime, the Customs Tariff (Revision) Resolution is geared towards the productive sector, and provides for the duty-free importation of capital equipment, raw materials and other industry-related consumer goods. The key benefit is the introduction of the Productive Input Relief (PIR) scheme. Special categories have been created for companies in the manufacturing, agriculture, tourism (accommodations, attractions and ground transportation) and health sectors, along with companies within the creative industries
An application is necessary to access benefits under the Productive Input Relief Scheme. Tourism accommodations (i.e. hotel, resort cottage, guest house, villa, apartment) can benefit from the PIR, if the entity is in possession of a Jamaica Tourist Board (JTB)license (as per Section 23A the Jamaica Tourist Board Act (1955) or new and considered licensable by the JTB (new meaning in building phase, newly constructed or newly owned).
For more information about accessing this incentive see the next step of this business process guideline.