Global Blue, the world leading company in the provision of Tax Free Shopping services, has celebrated a protocol with Acral – Algarve Region Trade and Services Association, with the aim of promoting and streamlining VAT’s exempt purchases for extracommunity tourists among the associates of the Algarve entity.
Under this Agreement, Acral members are accessed to the technology necessary for the issuance of Tax Free forms, as well as VAT refund services, Marketing Support and Market Data Analysis. The initiative aims to attract more international visitors, increase sales of local traders and ensure compliance with national rules applicable to tax purchases.
The Tax Free system allows tourists from countries outside the European Union to recover the VAT (value added) paid on purchases made in adherent stores, provided that the minimum purchase amount is 50 euros (plus VAT). For merchants, this model translates into an incentive for consumption and greater capacity to capture foreign customers, also contributing to local economic dynamism.
In addition to fiscal recovery, this service provides advantages such as simplifying the reimbursement process and improving the purchase experience of tourists, encouraging consumption during their stay in Portugal.
“We are enthusiastic about collaborating with Acral to bring the benefits of Tax Free purchases to its members and contribute to the promotion of purchasing tourism in the Algarve region. This initiative is crucial to attracting extracommunity customers such as English customers who are significant contributors to the regional economy. By offering tax free services, Acral members can increase their sales and provide a purchase experience without complications for visitors. International, ”said Renato Lira Leite, director-general of Global Blue Portugal.
Also Acral President Miguel Morgado Henriques stressed the importance of the agreement: “This protocol with Global Blue is a significant step towards our association. It provides our members to access a valuable financial and tax incentive, essential for increasing business volume. We believe that by promoting tax free purchases, we can help our members attract more international customers and improve their sales performance.”
Global Blue currently operates in more than 50 countries, positioning itself as a strategic partner of retailers in creating more efficient and advantageous buying experiences for international tourists. For its part, Acral continues to play an active role in promoting commerce and services in the Algarve, providing tools, training and support to its members.
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