Puerto Vallarta, Mexico - If you have travelled through the Puerto Vallarta airport, no doubt you have seen kiosks advertising tax rebates on IVA (sales tax) for foreigner visitors. But what is this program and who applies? We have some answers about applying for sales tax rebates in Mexico.
To be eligible you must:
• Be visiting Mexico on a valid tourist visa and be leaving the country by air or by sea.
• Shop at stores which advertise that they participate in the MONEYBACK program.
• Spend at least 1200 pesos using a credit card in a participating store to apply for a rebate and ask the business to provide you with a VAT receipt at time of purchase.
It that applies to you and your purchases, visit a MONEYBACK kiosk in the airport or Puerto Vallarta cruise ship terminal with you VAT receipts and credit card receipts, tourist visa and passports to apply for the rebate, as well as the goods which you have purchased. Please Note: Items that are being shipped out of Mexico, rather than transported with you, are not eligible for tax rebates.
If all the factors for eligibility are met, you will receive an 8.9% rebate on your purchases which will appear as a refund on your credit card in approximately 45 days. If you have a vacation home in Puerto Vallarta and come for short visits, sales tax rebates may save you a little money on your shopping when visiting your property in Mexico.
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Since 1997, Wayne Franklin and his team at Tropicasa Realty have been a trusted name in Puerto Vallarta real estate. Tropicasa Realty is a regional representative of Who's Who in Luxury Real Estate and, with over 100 years of combined experience in real estate, all agents of the company are affiliated with AMPI as well as being International members of the U.S. National Association of Realtors. Wayne Franklin or any member of his knowledgeable team can be contacted in-person at their Romantic Zone Office - Pulpito 145-A at Olas Altas. While in PV they can be reached at (322) 222-6505 or by calling 866-978-5539 (Toll-Free) from the U.S.