Tourism Minister Liliam Kechichian recalled that the 1.5.2018% VAT refund benefit has been in effect since Tuesday (9).
The Secretary of State said that the VAT refund on tourist purchases by non-residents applied by the Ministry of Economy and Finance was a “positive and innovative initiative, because it had not been done in any other Latin American country.”
"This allowed us to compete in a market that was difficult for us, such as Argentina," he said.
He added that the Ministries of Economy and Tourism have worked together to achieve a balance and that the proposal is thus maintained.
For which reason he announced that Uruguay will continue with the tax refund but at 9%, and this will be effective from Tuesday, May 1, for resident and non-resident tourists..
Kechichan pointed out that “in 2017, the Uruguayan State gave up a fiscal income of 40 million dollars due to the application of said instrument.”
The benefit consists of the VAT refund on tourist services provided to non-resident individuals paid for by credit card debit or credit cards issued abroad.
covers Resident tourists, who already received a similar VAT discount, for final consumers who pay with a credit card, debit card or electronic money in catering services, for parties and events, and rental of vehicles without drivers.
The proposal It is complemented by the “tax free” regime (d“evolution of taxes) for purchases of products in shops participating in the system, and zero VAT in hotels.”
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