Tax-Free Shopping For Non-EU Residents Is As Simple As Keeping Your Receipts

Posted on February 27, 2010
Filed Under Taxes | Leave a Comment

Traveling abroad among countries a part of the European Union which includes a large number of countries from Belgium, to Ireland, to Sweden (check which countries are included in the EU when traveling abroad) has its temptations and perks in the shopping arena, such as purchasing from duty-free shops, or tax-free merchants within European Union (EU) airports.

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.

Claiming a refund requires that all consumers pay an items tax (EU-VAT) regardless of international status (this tax will vary in amount country to country), but by law, will be able to process a refund on their total EU-VAT amounts.

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.

The job a consumer must fulfill is saving all receipts and before leaving an EU country, visiting customs officials and acquiring 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.

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

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