Argentina implements refund of VAT for accommodation to foreign tourists
Since January 2nd, 2017, Argentina will refund VAT to foreign tourists for lodging. This measure seeks greater flow of visitors, greater incomes of foreign exchange and the creation of new jobs.
This policy reaches the services of lodging and breakfast. Other services that the guest takes at the hotel must be invoiced separately with “A” or “B” vouchers. The estimated impact of this measure, in a year of application, is the arrival of 95,000 new tourists, with an income of more than 70 million dollars, and it is expected to generate almost 8,000 new jobs.
“The national government listened to a proposal made by the tourism sector in the last fifteen years. The reimbursement of VAT for accommodation to foreign visitors is already a fact, after a decade and a half of postponements, “said the Minister of Tourism of the Nation, Gustavo Santos.
“The norm we promote includes all contracting in the area of accommodation of non-resident tourists and includes direct purchase as the one made through travel agencies. We seek that the entire chain of Argentine tourist value is competitive and of good quality, “said Santos. The return of VAT to accommodation services will be made to people who through their passport or ID card prove their residence abroad and pay by credit card issued abroad or bank transfer originated outside the boundaries of Argentina.
The requirements are: accommodation must be registered in the AFIP. Likewise, the agencies must also be registered with VAT and be qualified by the Ministry of Tourism of the Nation. The VAT rebate proposes to regulate a system that improves competitiveness, since foreign tourists will automatically pay a lower rate for the accommodation service in Argentina.
This measure facilitates the inspection because it is based on the use of electronic invoice, which helps the control of the sector by AFIP and covers the whole of the marketing chain of the accommodation and incorporates the direct purchase by the tourist. The implementation was made through General Resolution 3971 of the Federal Public Revenue Administration and the Ministry of Tourism of the Nation.
You might also like
Emirates Flight Training Academy officially inaugurated
World class training facility to address growing need for pilots globally Emirates Flight Training Academy, the state of the art facility for training ab initio pilots was officially inaugurated today
Paul Shih Appointed Director of Taiwan Tourism Administration, Singapore Office
Taiwan Tourism Administration (TTA), the destination marketing organisation responsible for the promotion of Taiwan as a premier travel destination, has announced the appointment of Paul Shih as the Director of
Indian carriers can fly abroad from Kannur
September 15 deadline for agencies to issue clearances Indian carriers have been given the nod by the Union Civil Aviation Ministry to operate international flights from the Kannur international airport,
