The Government of Argentina has just announced plans to refund tourists the VAT spent on accommodation. If you've always wanted to visit South America – now is the time.

Argentina Announce Plans to Refund VAT on Hotel Stays

According to a report in Condé Nast Traveler, the refund policy took effect on January 2nd, 2017. The current VAT rate in Argentina is 21%, which historically has made it an expensive destination. Now, however, you can slash that 21% off the price of your hotel.

Now, if you previously had to settle for budget lodgings when visiting the country, you can now book a more expensive hotel for a similar price. There are no regional restrictions in place for the refund policy – it applies in all cities across Argentina.

Not only that, you'll also save the 21% VAT charge on breakfast, if it is included in the room rate. Other services, such as drinks, spa treatments and tours will still be taxed at the 21% VAT rate.

So whether you are planning a trip to cosmopolitan Buenos Aires or rural Patagonia, there are great savings to be had by visiting this year. The current exchange rate is also very favourable towards tourists, and the country expects to receive an additional 95,000 visitors this year alone.

To find the cheapest flights, you can use our Flight Search tool.

What Do I Have to Do to Get My Refund?

Not much at all! The Government has made this process very simple, as the rebate takes place during the time of booking. All you have to do is prove that you live outside of Argentina and pay with a foreign-issued credit card or bank transfer. You can read more about the process on the official Government page about the initiative.

Are you planning to visit Argentina in 2017? Let us know about your plans in the comments below!