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Iceland tourism braces for huge VAT increase

The government of Iceland is proposing a whopping increase to its VAT (value added tax) from its current 7% to 25.5%.

VAT revival will hurt Korea’s tourism

A 45-year-old businessman who operates a mid-size travel agency said he has become extremely stressed whenever he thinks about what he should do next year about the price of tour packages.

Cruise lines threaten to drop Mombasa

International cruise ship operators have threatened to pull out of the port of Mombasa, citing high operational costs brought about by newly introduced Value Added Tax on all marine and port services.

French go at it, but will it generate much-needed tourism boost?

PARIS (eTN) - As France international tourist arrivals take a dive, the French government adopted over the summer two new laws that could theoretically benefit to tourism.