A change in tax regulations will allow tourists to claim a refund of federal value-added tax (IVA), beginning July 1 next year. The measure, strongly supported by the Tourism Secretariat, offers refunds
only to visitors arriving by sea or air, who spend at least 1,200 pesos (about 110 dollars) on products they subsequently take out of Mexico. Many countries already operate similar refunds, and report that tourist expenditures are much higher as a result. |