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Government approves VAT refund to foreign tourists

Government approves VAT refund to foreign tourists

The Council of Ministers approved this Wednesday, April 12, the legal device that authorizes the refund of the General Sales Tax (IGV) to foreign tourists, also known as the Tax Freereported the head of the Ministry of Foreign Trade and Tourism (Mincetur), Luis Fernando Helguero.

“I want to inform you that today we have approved the supreme decree, which will be published tomorrow, known as Tax Free, which is the return of the general sales tax to foreign tourists. This is important because By reducing that 18% expense, it will encourage those tourists with a limited budget to come and have a greater flow. And not only that, but those who have more resources can consider additional routes or visits, or, better yet, additional days to stay in Peru in different destinations,” the official said at a press conference.

This measure, which would be published in the next few hours in the Official Gazette A Peruvian man, will allow establishments to sell their goods to foreign tourists, for which they will receive a refund of 18% of the VAT paid. According to the head of Mincetur, this rule will help increase the country’s tourism potential.

Tourism in Holy Week

Minister Helguero also stressed that the Easter holiday exceeded expectations and mobilized 1.2 million visitors nationwidel, achieving an economic impact of US$167 million, which also boosted regional and local economies in Peru.

“The main cities that grew the most were Tacna and Ayacucho at 90%. The latter registered 100% occupancy in hotels of three stars or less; other destinations that also stand out are Tingo María and tarma, (where) the stores were sold out. In some cases the municipality looked for alternative lodgings and in other cases a school was set up so that they could camp and use the toilets. Other destinations that also grew were Trujillo (in 60%), Madre Dios (in 60%) and Cusco (in 60%); in this last, Macchu Picchu Pueblo had an occupancy of 80% and the sales of the tickets to the llaqta were sold out,” the official said.

In contrast, one of the tourist regions that was affected by heavy rains is Chiclayo, with an occupancy of only 22%. Meanwhile, beach tourism in Piura only occupied half of the lodgings.

Source: Larepublica

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