Travel Tips

Tax-Free Shopping For Non-EU Residents Is Easy

When traveling abroad there is that small thrill felt when passing by the duty-free store tucked into various international airports selling all manner of goods including perfumes, alcohol, and chocolates for purchase sans sales tax. With the every day reality of paying taxes, the moment a consumer can free themselves from it, the more attractive the shopping item becomes. Beyond the already tax-free shops, when traveling into the European Union (EU) from a non-EU country, tax-free shopping as a non-EU resident is possible by reclaiming taxes on a number of retail goods.

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.

Going through the paperwork process of refunding EU-VAT is not one that has to be accomplished alone. There are a number of reputable companies with the technical experience and established retail relationships to do the work for you.

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.

Goods exempt from VAT, in general, are childrens clothing and books. Full VAT-refunds can be had, but countries vary on the percentages that are able to be claimed, as well as having minimum purchase requirements on goods purchased.

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.

Learn all you need to know about tax free shopping by checking it out today. Take advantage of the chance to save cash by doing some tax free shopping. Jump online and learn all you need to know.

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