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Home/News/Global Blue to back Serbia in launching digital tax refund platform

Global Blue to back Serbia in launching digital tax refund platform

Serbia’s government said it has signed a cooperation agreement with Swiss-based Global Blue for the launch of a digital tourism shopping tax refund platform.

The platform will be launched on January 1, 2020, and will facilitate the refund of value-added tax (VAT), motivating tourists to spend more, Serbia’s finance minister Sinisa Mali said, as quoted in a government press release on Thursday.

“Customers who visit your country from neighboring countries, and the increasing number of good consumers coming to Serbia from China, Russia, and America give us a hint of what is potentially a major retail market in this country,” Birgitta Falk, vice president new markets of Global Blue said, according to a separate press release issued by Serbia’s finance ministry.

The number of foreign tourists who visited Serbia in 2018 grew 14.2% on the year to 1,710,514, according to data from the country’s statistical office. Bosnia was Serbia’s biggest feeder market last year with 121,384 tourists, up 12.3%. Chins followed with 102,351 tourists, up 98%. Visitors from Bulgaria came third, up 9.1% to 99,527.

Source; SeeNews