Mexico May Slash VAT On Inbound Incentives

Mexico is considering extending its zero rate of VAT on conferences and conventions to incentive travel as well. Mexico Tourist Board regional director for Europe, Manuel Diaz-Cebrian, said: “Although incentive trips are not yet covered, we are looking to see if we can consider them in future.” As of January, Mexico introduced the zero rate of tax for foreign conferences and conventions, saving organisers between ten and 15%. The exemption covers extra services such as accommodation, transport, food and drink, translators and equipment. It applies for two days either side of the event. Commercial director at Euro RSCG Skybridge Sam Howes said that although the VAT measure was welcome, it could only be one of a range of factors to consider. “Although budget is important, it is not the deciding factor,” she said. “A destination has to fit the brief.” Travel Impact director Susie Roberts said access to Mexico is an issue: “Groups would probably have to fly via the US, and these days people want to go straight from A to B.”

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