a new incentive for tourists spend more money at least during their stay in the state of Alicante, non-EU countries. El Altet airport has been serving these travelers for several days. cash back they have the rights VAT that they paid for purchases they made during the holidays, instead of waiting weeks for it to arrive in their bank account.
Specifically, this company global change It started to provide this service at Alicante Airport after being entitled to receive it. Competition organized by Aena it is to this end that the group currently manages these returns at four Spanish airports: those in Madrid-Barajas; in El Prat, Barcelona; and Malaga as well as that of El Altet.
So far, the operators who manage the so-called “Tax-Free Returns” have done this entering returns on cards This meant that it could take days or even weeks for their money to be ready.
With this new service they will receive the amount immediately They will even be able to convert to local currencies, according to Álvaro del Prado Coto, director of Global Exchange in Spain. Execution guarantees this possibility will benefit the airport’s storesAt the same time, travelers will have more money to spend in their pockets. to all trade The main tourist settlements, as customers know they can get their VAT money back even before they leave Spain will be more likely to buy. In other words, it assumes “added value” in Del Prado’s words.
This possibility Britain leaving the EUnow with this English They can also request a refund of this tax on their departure from Spain. Only in 2022, 4.6 million travelersfrom or to this country.
According to the information provided by the winning bidder, they plan to hold the tender for the remainder of the year. approximately 55,000 operations Cash refund of VAT at Alicante airport will increase their confidence as this possibility becomes known and widespread.
national data
In the last two years, VAT refund Both cash and card suffered record declines due to movement restrictions to stop the pandemic. if in 2019 Tax Office managed to commit more than one 6.3 million redemption documents Figures for turnover (including VAT) exceeding 1,900 million euros fell significantly in 2020 due to the health crisis and the decline in international tourism.
The tourist recovery in the last months and the incorporation of British tourists after Brexit comes into effect will lead to exceeding the pre-pandemic data for this service. For this reason, 40 percent growth is expected in 2023 the number of reimbursement documents issued and invoice amounts compared to 2019. In this way, more than 8.5 million transactions were processed.