Travelers to Cancun, now have more reasons to shop while on vacation. Cancun’s International Airport has officially launched the Tax Back program, located at terminals 2 & 3.
The Tax Back program allows travelers visiting Cancun to cash in taxes paid while shopping at stores such as Armani, Gucci Sunglasses, Tumy, Lacoste, Tommy Hilfiger, Coach, DKNY, United Colors of Benetton, Puma, Sergio Bustamante and Pineda Covalin. Because VAT (Value Added Tax) can only be returned on products, shoppers need to simply ask for a receipt at the participating stores and bring the proof of purchase to the Tax Back service offices at the airport.
The basic rules of operation that the Ministry of Finance (SAT) provides for tax refunds are as follows:
– Purchases must be greater than $1,200 MXN pesos including tax (aprox. US$90), and up to $ 3,000 MXN pesos (aprox. US$225) if paid in cash, or unlimited if you pay with a credit or debit card. You can also accumulate receipts from the same shop during your trip.
– Tax Reimbursement can be 50% in cash and 50% via bank transfer to your debit, services or credit card, (if the reimbursement is above $10,000 MXN pesos (aprox. US$740), this can only be done via an electronic transfer) and this amount will be deposited 40 days after the presentation of the Tax Reimbursement Form.
– If the purchase of goods exceeds the amount of $5,000 MXN pesos (aprox.US$370), Tax Back service executives will ask you to show the goods at the airport.
For more information on the Tax Back program, please call 1 800 00 NO TAX or visit their website www.taxback.com.mx.
Cancun, the gateway to Mexico and the Mayan world, offers luxurious hotel infrastructure with more than 28,000 rooms, and is Mexico’s most beautiful and stylish destination. Opportunities for new experiences are everywhere, as the setting brings you into contact with both nature and Mayan culture like nowhere else.
Top-level gastronomy and nightlife; warm beaches with soft, white sand; crystal-clear, turquoise seas; and a location opposite the Great Mesoamerican Reef System, in tandem with Mexico’s world-famous hospitality, make Cancun an entirely unique tourist destination.
Cancun Convention and Visitors Bureau: www.cancun.travel.