MoneyBack Tax Return Company Refunds 8.9% on Personal Shopping Expenses In Mexico

International travelers shopping in Mexico can receive an 8.9% refund of the total amount they spend when shopping in Mexico through MONEYBACK. MONEYBACK, Mexico’s leading tax return company, refunds the value added tax when shoppers purchase at any of the 6,000 affiliated stores. There is no limit when paying with credit card, but the minimum purchase required is $1,200 pesos (approx. $83 USD). Purchases in cash don’t require a minimum but are limited to $3,000 (approx. $200 USD). With more than 50 offices in all major cruise ports, shopping malls and airports- including Mexico City, Los Cabos, Puerto Vallarta, Mazatlán, Acapulco, Cancun, Cozumel, Guadalajara, and many more- MONEYBACK covers 98% of Mexico’s air and maritime points of departure, providing cruise travelers and air passengers the fastest and easiest way to get their refund. To file a refund, international travelers must request a VAT itemized invoice at any of the 6,000 participating stores when making a purchase and submit it at the closest MONEYBACK office along with the shopping incentive refund form, credit card vouchers, copy of their passport, cruise ID or immigration form and boarding pass, before leaving the country. In less than 45 days international travelers will receive their refund directly in their credit card. MONEYBACK’s tax refund service is an initiative created along with Mexico’s Ministry of Finance to increase tourism and shopping in Mexico. All international travelers arriving to Mexico by cruise or air are eligible to receive it. To learn more about MONEYBACK, participating stores and locations please visit: http://moneyback.mx/ About MONEYBACK MONEYBACK is Mexico’s leading tax refund service provider for international travelers with over 50 service locations throughout the country, covering 98% of all the points of departure. MONEYBACK opened its doors in August 2008, offering tax refund services in Mexico City and Los Cabos. Since then, the company has expanded to Cancun, Cozumel, Puerto Vallarta, Guadalajara, among many other destinations in Mexico. Operated by travel industry professionals who understand the needs of international travelers visiting Mexico, MONEYBACK prides in offering fast and efficient tax refund services to leisure and business travelers. Mexico’s leading tax return company refunds 8.9% of shopping expenses to international travelers. MONEYBACK’s goal is to promote the best leisure and business shopping destinations in Mexico. For more information please visit: www.moneyback.mx.

Travelore Tips: Mexico’ MoneyBack Refunds 8.9% Of Taxes On Personal Shopping If Traveling On Business

 

MoneyBack, Mexico’s leading tax return service, provides an additional perk for travelers participating in a business meeting, convention or incentives program with the opportunity to received 8.9% sales tax on purchases made at over 6,000 stores in Mexico City, Los Cabos, Cancun, Puerto Vallarta, Cozumel, Monterrey, Guadalajara, Acapulco, Ixtapa, Loreto and Merida.

Developed by Mexico’s Treasury Department, the tax refund program was created as a way to boost tourism and shopping in Mexico by refunding the value added tax. It is an additional tax break from the VAT Zero tax incentives Mexico offers meetings and conventions; both are available to US and Canadians. MoneyBack is a service provider that facilitates the steps to obtain the refund.

The purchase must take place at over 6,000 participating stores and be at least 1,200 pesos (around $100.00 USD) and a maximum of 3,000 pesos ($230 dollars), when purchasing in cash. There is no limit on credit card purchases. After purchases, shoppers can take their receipt to a MoneyBack office with the shopping incentive refund form, passport, immigration form and boarding pass to be processed. Refunds are made within 45 days, and deposited to their credit card.

Meeting Planners can download and distribute the refund forms to include in their welcome kits. In addition, MoneyBack can also join the event’s registration to educate participants on the opportunity (contact dvdk@moneyback.mx for more information on this).

Learn more about the MoneyBack program at http://moneyback.mx/