Retail tax or sales tax, added onto the total price of good purchased, is a reality that most people accept. Because of this implicit acceptance it comes as a pleasant perk that with travel from non-European Union (EU) countries into EU countries and purchasing goods within those countries can result in reclaiming any taxes you have paid on good. We all know duty-free shops within international airports; however, this law is in effect for a variety of retailers throughout the EU nations.
What consumers know in the United States as sales tax, the European Union classifies as value added tax, or VAT. When traveling abroad with the EU, VAT will become a familiar percentage added to all purchased goods. Member countries within the EU are not able to reclaim any VAT on their purchases unless they are to be sent out to non-EU countries.
The value added tax or EU-VAT, encompasses all member countries of the union and so becomes an issue for non-EU dwelling residents traveling abroad within the European Union. Members of the EU are unable to take advantage of a VAT refund unless the items are purchased to be sent outside of the EU.
Saving all receipts and stopping at customs before leaving an EU country to obtain an export validation stamp is the bulk of work that needs to be completed by the consumer. Once all receipts and stamps are collecting, working with an established company to refund EU-VAT is a simple process.
A number of companies are available for utilization in making the refunded of EU-VAT a simple transaction requiring only that the consumer collect and save all receipts on good purchased in EU countries and visit customs before leaving the EU to collect an export validation stamp.
So, you\’ve come home with your purchases, receipts, and customs approved export validation stamp, now what? Reclaiming your paid EU-VAT is simple in the hands of a number of companies who specialize in the red-tape and hassle of requesting refunds.
One company, Premier Tax Free, is partnered with over 75,000 worldwide retailers. With the company\’s technical expertise, dealing with international retailers will be free of the red-tape and hassle of tax free shopping for non-EU residents. Receipts, provided by you, are sent back to retailers in the effort of requesting a VAT refund.
Find out all you want to know about tax free shopping by checking it out today. Take advantage of the chance to save money by enjoying some tax free shopping. Head online and learn all you want to know.
