Mexico has become one of the most sought-after and popular destinations for travelers in the United States and Canada. Those traveling to Mexico are aware of their pristine beaches, friendly locals and world-class hospitality services. However, many are not aware that they are eligible to receive a refund on the amount they spend shopping.
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MONEYBACK, Mexico’s leading tax return service, refunds 8.9% of shopping expenses to international travelers. In order to receive this tax benefit, travelers must make their purchases from one of the 6,000 affiliated stores and request the refund before leaving the country by plane or by cruise ship.
Thousands of travelers visit Mexico every month. International cruise passengers visiting Cozumel or the Pacific region; business travelers flying to Mexico City, Monterrey or Guadalajara; and leisure travelers flying to Cancun, Los Cabos or Puerto Vallarta are ALL eligible to receive a tax-refund in Mexico just for shopping. MONEYBACK is an incentive program aimed to boost tourism and shopping in Mexico by refunding the value added tax. The benefit is available to all international travelers arriving to Mexico by plane or cruise ship.
Travelers can file their refund in three easy steps:
1. SHOP at the more than 6,000 MONEYBACK affiliated stores, and request an invoice.
2. BRING your passport, immigration form and boarding pass or flight itinerary to the MONEYBACK modules located at airports and stores, with your invoices and vouchers.
3. RECEIVE 8.9% of your Money Back in your credit card in 45 days.
“We have seen an increase in our tax refund transactions which shows travelers are becoming more familiar with the service and taking advantage of it,” said Danielle van der Kwartel, General Director of MONEYBACK. “We are very excited to see an increase in the amount of spending of international travelers visiting Mexico as the tax refund service was created as an incentive to increase shopping in Mexico and boost tourism.”