Dear BTIA Members,
Thank you to all members who have submitted comments on the matter of the Income Tax Amendment.
As a follow up to our previous email on the matter, please be advised that the Ministry of Tourism has been conducting talks with the Ministry of Finance and the Income Tax Department on a way to resolve the issue.
The Ministry of Finance has agreed that the intent of this amendment was not to target the Tourism Industry and has agreed that they will make the necessary amendments to exempt non-resident contractors to the Tourism Industry. Please review the potential affected non-resident contractors to be included in the list of exemptions. Please let us know as soon as possible if this is a sufficiently complete list, or if there is any other entity to be added.
1. Travel Wholesalers
2. Foreign Travel Agents
3. Franchises (in the case of branded hotels)
4. Marketing Contractors
5. International memberships and Co-op marketing subscription fees
6. Internet Marketing Providers