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Shopping Tourism: Tax Free

05.02.2018

In Uzbekistan, a strategy is to be devised for the development of shopping tourism, which will include the introduction of a system of tax refund for value added when buying consumer goods through the Tax Freе system.

Implement the planned plans will help the Spanish company Innova Tax Free, which specializes in the return of VAT to foreign tourists. To this end, a group of specialists will arrive in Uzbekistan in February to hold working meetings with the leadership of various ministries and departments to discuss cooperation issues and identify specific partnership areas.

Innova Tax Free is established in Spain and operates in most countries of Europe and Asia, where, in addition to VAT refunds, it offers services in tourism, marketing and communications. So, it provides a full range of services for administrative and accounting procedures related to VAT refund to trading enterprises and focuses on providing optimal solutions so that each service is more and more in demand in the process of selling goods and attracting new customers.

This company is in constant search of new programs and technological solutions designed to provide communication channels between trade enterprises and their clients in the tourist environment. Recognized experience in the international arena allowed her to become a valuable agent-intermediary between the state administration bodies, state and international organizations in the field of Tax Free and tourism.

VAT refund technologies are individual for each country and depend on its legislation. To date, the company has implemented these technologies in 12 countries, most of which are members of the European Union.

The introduction of Tax Freе implies the creation of a large-scale network of return points, where tourists can receive cash back in the city before receiving a mark on a special form at the airport.