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Thursday, February 25, 2010

Retail Refund

Good news for travelers who plan to drop some dinero in Cancun: under the destination's new Tax Back program, shoppers will be refunded the 10-percent value-added tax paid on cash purchases between 1,200 and 3,000 pesos (roughly $90 and $225) and on credit card purchases of any amount over 1,200 pesos.

Just ask for a receipt in participating stores (look for the orange sticker in the window), and on your way out present it at the Tax Back desk in Terminal 2 or 3. Depending on the amount, tax will be refunded in a combo of cash and a credit to your plastic or reimbursed entirely to your credit card. Big spenders should note that items that cost more than 5,000 pesos (about $370) must be presented for inspection.


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