 Iran's '20-Year Vision' document projects investment of over $32 billion in the country's tourism sector and targets 20 million tourists by 2025.In order to encourage domestic and foreign direct investment in this sector, the 50 percent tax exemption previously granted to tourism enterprises has been extended to include five-star hotels.In 2016 Iran announced that it will grant 100 percent tax holidays between five and 13 years depending on the region for hoteliers investing in Iran.