Italya Tax Free: If you’re planning a trip to Italy and want to take advantage of tax-free shopping, there are a few things you need to know. The standard VAT rate in Italy is 22%, but as a tourist, you can receive a refund of between 13% and 15% on products subject to this rate. However, there is a minimum purchase threshold of 154.95 EUR.
To calculate how much of a VAT refund you can expect, you’ll need to consider the VAT rate and the VAT status of the product you purchased. For example, if you bought a product for 1200 EUR with a 22% VAT rate, approximately 216 EUR of that purchase would go towards tax. Therefore, you could theoretically get 18% of your tax-free purchase back, but it’s important to note that you may not be able to recover the entire amount.
Tap for more at Glocalzone
