Global Blue becomes exclusive provider of Tax Free shopping in Peru

11-12-22

• Around 2.5million visitors1 will be eligible for Tax Free Shopping in Peru, with key markets including the USA and regional South America.

In 2023, Global Blue will offer a fully digital Tax Free Shopping service, including digital in-store solutions for merchants, digital customs validation and a range of digital refund methods for international shoppers

Global Blue is now the exclusive Tax Free Shopping provider for Peru after it was awarded the contract by SUNAT, Peru's National Customs and Tax Administration authority. The agreement follows new Tax Free regulations published by the Peruvian Government in 2020, which will make Tax Free Shopping accessible for international visitors.

In 2023, international visitors to Peru can save 11.7% on their purchases

The new Tax Free Shopping scheme will be launched during the first quarter of 2023, and will mean that international visitors will be able to enjoy better value and increase their spending power when buying from local and international brands, thanks to the savings of 11.7% that will be made on their purchases.

Approximately 2.5 million visitors a yea r will be eligible1 , with key nationalities including the USA (15% of international arrivals in 2019 2 ), Chile (27%) and other South American nations including Ecuador (8%), Colombia (5%) and Argentina (5%).

Travellers who visit Peru for a minimum of two nights , exit via Lima's Jorge Chavez International Airport and spend a minimum of 100SOL (approximately 22EUR) on a range of items including fashion, watches and jewellery, technology , and leather goods, will qualify for a VAT refund under the new scheme.

Global Blue will bring its innovative, fully digital service to Peru

Merchants, shoppers, and Peruvian authorities will benefit from Global Blue's market - leading technology, which encompasses:

• Digital issuing services for merchants, making the in-store experience seamless for merchants and their customers .

• Digital customs validation for SUNAT, which enables international shoppers t o independently gain export validation for their Tax Free Shopping purchases via their mobile phones or at digital airport kiosks , streamlining the customs process and reducing time spent at the airport.

• A wide range of digital refund payment methods for international shoppers, enabling them to enjoy a personalised experience and choose the payment method that works best for them.

Alejandro Buero, Global Blue Managing Director Americas, commented: "we are very pleased to be offering our services to the Peruvian market and would like to thank SUNAT for selecting Global Blue as its exclusive Tax Free Shopping partner. With a steady increase in tourism flow over the last few year s, the introduction of Tax Free Shopping will help Peru to strengthen this momentum and further reinforce its position as a prominent destination for international shoppers."