On 3 September 2026, Cuba’s Ministry of Finance and Prices (MFP) published Resolution 193/2026 in the Gaceta Oficial de la República No. 73 Ordinaria, establishing a specific income tax regime for ecotourism and specialized tourism projects. The resolution, signed by the Minister on 19 August 2026, applies a flat 25 percent corporate income tax (Impuesto sobre Utilidades) rate to qualifying projects. This measure forms part of the government’s broader strategy to attract investment into sustainable tourism segments while aligning fiscal policy with the Transformaciones económicas y sociales agenda. The provision targets projects formally categorized under ecotourism and other specialized tourism modalities, offering rate certainty compared to the general corporate tax framework. Effective upon publication, the rule requires beneficiaries to maintain separate accounting for eligible activities to qualify for the preferential rate. The MFP indicated that detailed implementing guidelines for project certification and compliance verification will follow through subordinate resolutions.
Key Takeaways
- Preferential 25% Income Tax Rate Locked In: Qualifying ecotourism and specialized tourism projects will pay a fixed 25 percent tax on profits, providing fiscal predictability for investors. This rate applies exclusively to income derived from certified project activities, requiring rigorous segregation of revenue streams in financial statements.
- Certification and Compliance Framework Forthcoming: The resolution mandates that the Ministry of Tourism, in coordination with the MFP, will issue the technical criteria for project classification. Taxpayers must obtain formal certification before applying the rate, and the tax administration (ONAT) will conduct targeted audits to verify eligibility and prevent base erosion.
- Alignment with Sustainable Development Incentives: The measure complements existing customs duty exemptions for renewable energy equipment (Resolution 180/2026) and food imports, signaling a coordinated policy push to reduce operational costs for strategic sectors. Multinational operators should evaluate structuring options to ring-fence qualifying Cuban tourism assets under this regime.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement