Since 2009, Mexico’s visitors have had the chance to join in with Taxback. This tempting tax refund programme is for all international tourists that want to indulge in some shopping – just like in Europe, only a lot easier. Stores do not have to fill out any paperwork and neither do you. The Mexicans have really pulled it off.
When you go shopping at one of more than 6,000 affiliated stores all over Mexico, they give you a brochure and the invoice of your purchase. Together with a copy of your credit card voucher, you keep all these documents and when your travelling is over, just go to any of Taxback’s offices in Mexico, at the mall, the cruise ship port or the airport, and hand over your documents, passport and credit card number. The Taxback service agent processes your information and 40 days later you get your money back, in your own currency, on your credit card.
[Taxback] has generated over €142m in sales to the affiliated stores
The Taxback programme is now implemented at all major airports, like Cancún, Mexico City, Puerto Vallarta, Guadalajara, Cozumel, Monterrey, Acapulco, Ixtapa, Los Cabos and many more. Major cruise ship ports also participate. With over 50 service points all over Mexico, even at the shopping malls, Taxback makes sure to give you more information, making your shopping experience even richer.
Mexico receives about 24 million tourists from abroad per year, placing the country tenth in the world for international visitors.
It is so easy to participate in Taxback. This is the leading tax refund programme in Mexico, holding a steady 90 percent market share. It has generated over €142m in sales to the affiliated stores, and refunded over €10m to international tourists in 127 countries all over the world.
Their biggest markets come from Brazil, the US and Russia, with an average spend of €900 per tourist. As of January 1, 2014, the Secretary of the Treasury will implement a new tax scheme, which will benefit the international tourist even more. VAT will rise from 11 percent to 16 percent at the border destinations and so your refund will go up. In total you will receive up to nine percent of your total purchase back. Now, the whole of Mexico has the same 16 percent VAT on purchases.
Taxback promotes the programme together with the Secretary of Tourism at major tourism fairs all over the world, and trains staff at hotels, stores, public relations offices, ground operations, airlines and more, so everybody in Mexico’s tourism sector is aware of the programme. This is a huge benefit for the international tourist. It places Mexico as the cheapest country in the Caribbean and Latin America for shopping – especially for jewellery, watches, sunglasses and brand-name clothes.
Mexico is truly an ideal shopping destination for all international tourists and business travellers
Mexico is truly an ideal shopping destination for all international tourists and business travellers. With the amount of attractions Mexico offers, including the pyramids and other archaeology sites rated as treasures of World Heritage, the variety of world-class hotels and restaurants, wonderful sunny beaches and ecotourism, Mexico is a great holiday destination and can satisfy any kind of traveller.
Business travellers love Mexico too – the modern cities mixed with the colonial buildings, the variety of museums, world-class restaurants for business meetings, congress centres at all major destinations, easy transportation, and the excellent service of the friendly people makes you feel right at home. Taxback welcomes you to Mexico and would love to be able to assist you.