Mexico’s Tax Administration Service (Servicio de Administracion Tributaria), announced this week, an increase in the allotted value for tax-exempt goods from $300 USD to $500 USD per individual through January 8, 2014.
In anticipation of the busy holiday shopping season, Mexico’s Tax Administration Service (Servicio de Administracion Tributaria), announced this week, an increase in the allotted value for tax-exempt goods from $300 USD to $500 USD per individual. The increase is in effect through January 8, 2014 after which time the amount will drop back to $300 USD.
The previous amount of $75 USD was increased to $300 USD year-round, and during particularly busy shopping times of year – summer, the holiday season (Thanksgiving to Christmas) and Easter week in the spring – will increase from $300 USD to $500 USD. This measure was taken as a way to ease travel for visitors coming to the United States, taking goods back to Mexico. In Tucson and Pima County, the economic impact of Mexican visitors is $976 million dollars per year, shopping being the primary reason for visiting.
Visit Tucson, the region’s official Destination Marketing Organization (DMO), is implementing a strong consumer campaign through its Mexico marketing department, Vamos a Tucson, to promote shopping in Tucson to potential visitors in the northern Mexico states of Sonora and Sinaloa this holiday season. For more information go to visittucson.org
The Servicio de Administracion Tributaria (SAT) is a decentralized body of the Secretaría de Hacienda y Crédito Público de México (Mexico’s Ministry of Finance and Public Credit) responsible for the collection of taxes for the Central Government of Mexico, including customs fees.