In a move to promote tourism in Uruguay the Government of Uruguay has officially started a 86% VAT refund program for non-resident tourists who have purchased goods made in Uruguay. This is not only a good move for Uruguay's tourism industry but also for its domestic manufacturing industry and small scale industries.
A company called Premier Tax Free has been given the contract to handle these transactions and has made offices at almost all international airport terminals and many other ports. All merchandise that qualifies under this program must be validated by the authorized agents.
This benefit applies to the purchase of leather goods, knitting, food, drink or national origin crafts (made in Uruguay) and carry the tourist abroad. The shops which are eligible to sell items under this program should display a identification logo in their windows. The specific details should be obtained by Premier Tax Free company. You should save all your receipts to declare these items at the customs.
You should also check regarding the method of payment with authorities, also visit premiertaxfree.com. To our knowledge Methods of repayment can be done in form of Bank Transfer, International Check or in form of credit card. Since this process is fairly new, it is important to clarify all the if and buts of the program, we do not have all the details available yet.
Uruguay is located in South America, south of Brazil and its population is about 3.3 million people. It is one of the most economically developed countries in Latin America with a high per capita GDP when compared to neighboring countries. It depends heavily on agricultural exports and now trying to expand its footing in technologies and tourism industry as well. The Uruguayan currency is the peso. Spanish is spoken almost everywhere. according to CIA's website, Uruguay's political and labor conditions are among the freest on the continent.
Prepared by Anita Rai Hassan
Independent Reporter
In collaboration with Saching
(http://www.saching.com, http://www.writearticles.org)
