Argentina-Tourists to no longer bear VAT on hotel stays
In an effort to boost tourism to Argentina, the government have announced that the 21% Argentinian VAT levied on hotel stays in the country will be refunded to overseas visitors at the point of payment.
Visitors must pay with a non-Argentinian debit or credit card and provide passport and address details, or if the accommodation is arranged by an agent, the agent must provide the relevant information on behalf of the visitor.
Whilst the VAT revenue lost will amount to around £30m per year, it is estimated that income from additional tourism will amount to to over £55m.
This change comes into effect immediately.