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Fiscal facilities and financial support increase interest in agro-tourism projects

Fiscal facilities and financial support increase interest in agro-tourism projects

The fiscal facilities and financial support that the government has addressed to the agri-tourism sector has increased the interest of business and builders to invest and realize projects in this sector.

The government has reduced the VAT to 6% and has excluded 10-year accommodation from specific Property Taxes such as 4 and 5 star resorts and has reopened applications in the national scheme to support up to 50% of the value of the investment, in the agrotourism and hostel sectors.

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Builders are optimistic about removing the obligation to pay the landowner’s profit tax and investment subsidies, arguing that these measures will bring a new reality to the development of agro-tourism and rural areas in general.

Investing in agrotourism is a sure step towards guaranteed benefits, and the builders themselves have begun to review this sector, with potential and resources as a good opportunity to explore in the field of concrete investments.

The construction sector in our country has already entered the path of sustainable and consolidated growth. In the first months of construction year there has been a significant increase in construction permits. In the first quarter 2018, a total of 221 construction permits were approved for new buildings, out of 101 approved permits in the first quarter of 2017. While businesses in this sector have increased investments in technology and the quality of construction materials, according to the best standards. 

News Source: ATA

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