Discounts and tax exemptions help in making a trip wallet-friendly no matter where you are shopping in the world. However, if you are buying something in the European Union (EU), where Value Added Tax or VAT is imposed on the goods and services bought and sold, you can avail of a VAT refund of up to 25 per cent on purchases in the region.
- What are VAT and VAT refunds?
- Who is eligible to claim a VAT refund?
- How can you claim a VAT refund in Europe?
- Where to claim VAT refunds in Europe if you haven’t shopped from a tax-free shop?
- How long do tax refunds take to reflect in your bank account?
- How to avoid paying VAT in Europe?
- Can you shop tax-free?
Source: www.travelandleisureasia.com
