If, when you go abroad, you see the words “tax-free for tourists” on the doors, then it is better to shop there. In translation, the phrase means: “without taxes for tourists” and gives you the right to save.
What is tax free and what does it eat?
I’ll try to tell in simple words. Tax free – this is a kind of VAT tax refund method, which we call VAT. In the countries of the European Union, as well as in many other countries, all goods that can only be bought in the markets are taxed from 5 to 27 percent. And you, as a foreign buyer, have the opportunity to save on purchases and return this tax to yourself.
Why is refund valid? VAT is charged domestically. Continue reading