Mexico

How are Giftcards treated for tax purposes in Mexico (VAT, single-purpose / multi-purpose)? ›

Giftcards are subject to VAT (IVA), which applies upon redemption. There is no formal distinction between single-purpose and multi-purpose Giftcards.

What special rules apply in Mexico to the sale, issuance, or redemption of Giftcards? ›

The sale of Giftcards is permitted and widespread. Electronic providers must register with the tax authority and comply with data protection laws.

Is there a legal rule in Mexico on the validity period of Giftcards? ›

In Mexico the validity period of Giftcards is regulated by law. Under consumer protection law, Giftcards must be valid for at least one year unless a longer period is stated.

What consumer rights apply in Mexico for expired Giftcards? ›

Under Mexican law, a Giftcard expires on the expiry date. If no period is stated, a minimum validity of one year applies.