TaxBack in Mexico
This item appears on page 67 of the June 2010 issue.
With locations in nine Mexico airports, TaxBack (www.taxback.com.mx) refunds travelers’ value-added tax (VAT) for purchases made in stores displaying the orange TaxBack sticker. A visitor must spend at least MXN1,200 (near $90) to get a refund, filling out a form and providing the shopping receipts.
For refunds of MXN10,000 ($740) or less, up to 50% can be given in cash, with the rest electronically transferred to a debit or credit card account after 40 days. Refunds of more than MXN10,000 are entirely electronic.