Rio de Janeiro could be the first state in Brazil to adopt the Tax free Shopping center, a tax model that encourages foreign tourists to buy Brazilian products with tax exemption, according to the Expo digital bulletin.
“This is a program that is being adopted as a public policy mechanism to increase tourism GDP in more than 60 countries. The offer of cheaper goods and services is a decisive attraction for the tourist in choosing the destination of a trip “, said Diogo Bueno, CEO of Monex, a consultancy company that acts in association with the operator Global Blue for the adoption of the project in Brazil.
And is that, according to tourism data of 2018 and 2019, the project predicts an increase of at least R $ 6.8 billion in Brazilian tourism GDP in 10 years, if the federal government approves the policy. Tax free for federal taxes, cited by the same source.
In the State of Rio de Janeiro, with the ICMS exemption, the estimated increase in this period would be about R $ 1 billion per year in GDP.
“The plant of Tax free it will put Rio on the map of modern consumer relations, which not only stimulates tourism but also strengthens the retail trade associated with this flow of people and capital. And it further strengthens an important vocation of the river, receptive to foreign tourists. With this step we will place trade and tourism in a new model of international consumption ”, said the president of Fecomércio RJ, Antonio Florencio de Queiroz Junior.
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