As the last weeks of winter are still passing and we are attentive to the delicate economic, financial and exchange situation in Argentina, Government of Uruguay make quick decisions to maintain summer seasonThe success of which largely depends on the influx of visitors from this side of the Rio de la Plata.
With this aim, the administration of Luis Lacalle Poe this Wednesday announced a series of tax measures whose purpose is low vacation costs Due to mismatch in exchange rate on both sides.
The dollar in Uruguay began 2022 with a price of $44.71 per unit and was trading at $40.40, up almost 10% at the end of today.
In the case of Argentina, the path was quite the opposite and, furthermore, the situation is complicated by the various exchange rates in force. The blue dollar — which a consumer can use to travel — rose from $205 to $296 on January 3, meaning a depreciation of about 50% of its value. meanwhile, dollar card -which is used to finance purchases with a credit card- increased its tax rate (the official share of the value of $144.29 plus 30% country tax and 45% income tax) and at today’s closing price $252.51,
Uruguay: tax benefits for tourists
With this scenario, the Eastern Government announced that From September 1 to April 30, 2023, foreign tourists will enjoy zero rate in value-added tax for gastronomy services and vehicle rentals., This benefit is the sum of 10.5% return on rental of houses for use by tourists. Similarly, it was established that vehicles with foreign patents have access to a 30% discount on fuel.
“It’s an effort the government is making to make it a little more attractive from an economic point of view for some markets like Argentina,” Tourism Minister Tabare Viera said during a conference call.
Lacley Po. The Uruguay government wants to encourage the arrival of tourists from Argentina.
measurement results Relief for pockets struggling with Argentina,
For example, in Uruguay the estimated cost of one liter of gasoline is US$80, which is equivalent to US$2. moving closer”dollar card“, this implies $504 for each liter of petrol, A 30% discount applied by Uruguay reduces this to about $350, which is twice the cost of national pumpsTherefore, about $17,500 would be needed to fill a 50-liter tank against the $25,000 that would be required for the same load without the benefit of the state of Uruguay.
In terms of accommodation, the landscape is much more open due to the variety of properties and needs of each visitor. But the offers you can see on the web today start at a minimum of $25,000 per night for very basic venues for 3 or 4 people for the traditional week of Christmas and New Years. As the amenities of apartments or homes increase, prices skyrocket.
In the case of car rental, the Renault Kwid or similar daily value is $21,900, which is reduced to $17,000 after deducting VAT. Added to this is, for example, the additional expense of expanding insurance, a service that does not consider a tax reduction.
Food and beverage: prices in Uruguay
In the matter of food, A Traditional Canadian Chivito At one of the most popular restaurants in Uruguay it costs 755 Uruguayan pesos, which equates to around US$19. Argentine wallet will cost a bit more $4,700, A full bun burger costs US$300, which is between US$7.5 and $1,890. The Classic Mozzarella Pizza is being promoted for $490 for $12 and $3,100.
Meanwhile, the most representative beer in Uruguay is sold for US$175, US$4.3, representing US$1,100 nationally. The cost of one 600 cc soda is US$98, which is equivalent to US$2.45, or $617 in Argentina.
The tax benefits seek to reduce the high cost of goods and services in Uruguay.
if there is an option supermarket And cooking at home, it is possible to reduce expenses, but still much more than the values that govern this side of Plata., On the meat side, the differences are significant. In one of the most popular stores, a kilo of roast is offered for US$389, which means around US$2,500. The tail of the tail is priced at U$469, which represents approximately $3,000 at the national exchange rate. A chicken HQ can be had for $249 per kilo, which is $1,600.
In the case of beverages, a 1.5-liter soda fluctuates between U$100/110, with a value exceeding $1,400.
On the side of alcoholic beverages, for example wine, prices start at $2,500 and beer at $806.
To access the advertised benefits, visitors must keep all purchase receipts, present them when leaving the country, and then they will be credited to the accounts of the card used.
Undoubtedly, with these values, middle-class Argentine visitors will have to settle accounts very well to enjoy a few days of leisure on Uruguay’s beaches without compromising their finances upon return.