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Fintrax Group in Uruguay
15-May-2010
The Uruguay Government officially announced on December 29th 2008 the successful candidate of the International Public Tender for the development and management of the new Tax Free Shopping program.
Fintrax Group Holdings Ltd was favorably selected against two International companies and one local bidder as the exclusive operator for the new VAT refund program in Uruguay.
The Irish company which developed its winning proposal via its regional office in the Americas highlighted that the key to its success was the competitive financial offer, cutting edge technology and a network of strong local partnerships developed over the last two years.
Tax Free Shopping in Uruguay
The Government of Uruguay passed a law in 2006 permitting the refunding of VAT to tourists and made a decision to publish their International Public Tender in June of last year.
According to the approved regulation, foreign visitors and non-resident Uruguayans will be entitled to receive a VAT refund on purchases made during their visit and which are to be exported outside the country. Merchandise must be produced in Uruguay and tourists must validate their refund form with a customs stamp upon departure from the International airports or ports of Uruguay.
Fintrax Group Holdings
Fintrax Group Holdings Ltd is one of the world’s largest Tax Free Shopping companies, offering VAT refunds to tourists in over 23 countries, via their subsidiary Premier Tax Free.
Premier Tax Free work in association with over 75,000 retail outlets and refund over 1.5 million tourists annually.
For more information please visit:
Fintrax
and
Premier Tax Free
or contact:
Juan Antonio Povea
Montevideo, Uruguay.
E mail:
Juan Antonio Povea
Tel: +353 91 558 200