VAT News

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.

Related articles

Making Sense of Making Tax Digital

Making Tax Digital (MTD) is an initiative by HMRC to provide a more technologically-driven approach to tax in order to improve efficiency, reduce errors, increase transparency and streamline processes.

Read more
South Dakota vs Wayfair Inc.

To combat the inequality, South Dakota brought a case against Wayfair Inc which said that even if the supplier had no physical nexus in the classic sense, they should still collect and remit sales tax on online sales, to level the playing field with suppliers who do have a nexus.

Read more
Russia-VAT rate increase

The Russian standard rate is to increase

Read more