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January 10, 2025
Whereas Brazil is within the strategy of simplifying its tax regime, which has led the nation to evaluation its VAT system, the state of Rio de Janeiro is planning to entice vacationers by providing them a tax exemption.
Whether or not it is the simplification of administrative formalities or visa exemption for a number of nationalities, international locations have lengthy used such measures to draw vacationers. Then there’s tax-free purchasing, providing abroad guests the opportunity of being reimbursed the quantity equal to VAT on purchases made throughout their journey. It is a well-known – if not considerably fastidious – scheme that considerations, for instance, non-European vacationers making purchases inside the European Union.
EU residents, in the meantime, can profit from tax-free purchasing in different world locations. After they journey to Japan, for instance, they will benefit from tax-free purchasing in approved shops. That is normally performed after the acquisition, in a particular space of the shop. And it may be extremely worthwhile, on condition that VAT in Japan is 20% (aside from cultural items and eating places, that are taxed at 10%).
