Thursday, November 6, 2008

Mexican Tax Refunds

If you think our Canadian GST is bad, then think again. Mexico slaps a whopping 15% value added tax called IVA onto most goods and services. At some major Mexican airports, tourists can reportedly now get this tax refunded (on goods only) upon leaving the country as long as they have receipts and can show officials their purchases. However, the application procedure is rumoured to be so tedious that most visitors aren't bothering to apply for reimbursement. The Mexican government has apparently vowed to make the process easier in the future.

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