Where To Find Highest Tax-refund For Dior Bag?
A lot of fashionistas are looking to save a buck or two when purchasing their dream Dior bag; but you can save a WHOLE lot more if you buy your Dior accessory in another country? Why is this? Because if you purchase your Dior in another country as a tourist, you will receive a hefty tax-refund that can take hundreds of dollars off of your purchase. Wow! But what country offers the highest tax-refund for Dior bags? Take a look at our convenient table, which will show you the information for VAT percentages of different countries along with the VAT amount after paying administration fees.
Take a look at our convenient table: each European country has a different amount of VAT percentages. For example, the Netherlands offers a 21% tax-refund while Switzerland offers an 8% tax-refund. The amount of the tax-refund you will receive depends on two different elements: the overall value of the goods you are buying and the country in which it is purchased in. The higher the value is of the good you are purchasing, the more tax-refund you will receive as the consumer.
How Tax-refunds Is Calculated
There’s a lot of confusion when it comes to how tax-refunds are calculated. Most people assume because the country has a certain amount of VAT percentage, say 20%, that they will receive the entire 20% back after applying for their tax-refund; but this simply isn’t the case. Tax-refunds are calculated in this way: 100 Euro + 20% = 120 Euro, but 120 Euro – 20% does not = 120 Euro. Instead, 120 Euro – 16.66% = 100 Euro.
The overall tax-refund amount a tourist receives will wind up being even lower after paying an administration fee. If you’re unsure about what an administration fee, it is the amount an affiliate company charges to process your tax-refund. You must apply with one of these companies before leaving the country. They will process your tax-refund as soon as possible, but they will charge a fee to process your request. These companies can easily be found in the airport to make the process simple and convenient for you, but your overall tax-refund amount will be less than expected after admin fees.
Tax-refund Depends On The Country
The tax-refund amount you receive will be different in each country because the VAT percentage varies. Also, just because certain countries like Dubai and Hong Kong are tax-free areas, that doesn’t mean that your Dior handbag will be cheaper; the amount of money you save will depend entirely on the retail price. As for Russia, they had plans to introduce a tax-refund in 2012, but these plans never came to fruition. China is just now starting to test out a tax-refund system in Beijing and Shanghai.
A lot of people are curious as to how much of a refund they will receive and where they should file for a refund when traveling to multiple cities. Let’s say you will arrive in Paris, then travel to Amsterdam and London. You should apply for your tax-refund in your last stop, in this case it would be London. Your amount will depend on which country you purchased your items in. For instance, if you purchase your Dior handbag in Paris and apply in London, you will get the tax-refund amount for Paris. Affiliate companies will help you process this information so you receive the right VAT percentage for your goods purchased.
So How Exactly Does One Go About Acquiring Their Tax-refund?
1. Purchase Your Items
Before you can get the refund, you need to purchase your items. This is the fun part: finding your favorite Dior dream bag and bringing it to the counter for purchase.
2. Have Your Passport Ready
In order to get your tax-refund, you will need to prove that you are a tourist from another country. So make sure your passport is handy!
3. Receive Proper Documents from Retailer
The merchant will need to create a special tax-free form for your Dior handbag purchase. After they fill out the document, glance it over to ensure all areas are completed.
4. Get Your Documents Stamped.
Your document will need to be stamped at customs before you can apply and return home.
5. Get Your Refund
In order to get your tax-refund, you will need to get in contact with an affiliate company. These companies can easily be found inside of an airport. Present your documents to the company and they will typically hand you a cash refund. However, you may also have the tax-refund credited to your bank account, which takes about two billing cycles to complete. Some companies MAY require you to mail in your documents, which means you won’t see a refund for several months. (Most companies will pay cash immediately).
You can get a BIG discount on your Dior bag when shopping in another country, it all depends on the country you purchase in. So take a good look at our table before planning your getaway!
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