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 News Around the Republic of Mexico | September 2005 
Mexico Plans Tax Break for Tourists
 Associated Press
Mexico City – Mexican vacations would be a little bit cheaper next year under a measure approved by the lower house of Congress.
The bill would allow allows tourists a refund of Mexico's 15 percent value-added tax as of July 1, 2006.
Following passage in Congress on Monday, it now goes to the Senate. The federal Tourism Department is promoting the measure, which is similar to a practice used in Europe.
Only tourists arriving by air or sea would be eligible for the refund, which would apply only to products purchased and taken out of Mexico. The total of the purchases would have to amount to 1,200 pesos (a little more than $100) and tourists would have to obtain a formal receipt from the seller. |
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