VAT Refund Calculator
Calculate your potential VAT refund quickly and accurately? Our VAT Refund Calculator helps you out!
| Sort | Refund | Percentage | VAT Rate |
|---|---|---|---|
| Germany | 0.00 | x | 19% |
| France | 0.00 | x | 20% |
| United Kingdom | 0.00 | x | 20% |
| Italy | 0.00 | x | 22% |
| Spain | 0.00 | x | 21% |
| Portugal | 0.00 | x | 23% |
| Netherlands | 0.00 | x | 21% |
| Belgium | 0.00 | x | 21% |
| Sweden | 0.00 | x | 25% |
| Denmark | 0.00 | x | 25% |
| Norway | 0.00 | x | 25% |
| Switzerland | 0.00 | x | 7.7% |
| Austria | 0.00 | x | 20% |
| Greece | 0.00 | x | 24% |
| Ireland | 0.00 | x | 23% |
| Finland | 0.00 | x | 24% |
| Luxembourg | 0.00 | x | 17% |
| Poland | 0.00 | x | 23% |
| Hungary | 0.00 | x | 27% |
| Czech Republic | 0.00 | x | 21% |
Custom VAT Refund Calculator
Fill in any VAT rate and see your maximum refund amount and percentage. This calculator helps the vat refund of all the countries in the world.
How to Calculate a VAT Refund for shopping abroad
Calculating a VAT refund for tax-free shopping abroad is a straightforward process. As you might know, VAT (value added tax, also called sales tax) is a consumption tax imposed on goods and services. When you take items back to your home country, you have the right for the paid taxes to be returned to you.
Keep track and save your receipts and identify the total amount of VAT you’ve paid during your shopping spree. Whether in person, or online.
If the VAT is 21% in a given country, the math will tell you, that if you spend 100 dollar on, let’s say shoes, your VAT refund is not 21% of the purschase price. Why?
Most people assume that because a country charges for example a 20% VAT rate, they will get 20% back from their purchase amount; but that’s not the right calculation. It is calculated in this format: 100 Euro + 20% = 120 Euro, but 120 Euro – 20% = 96 Euro (and not 100, the price without VAT).
VAT Refund Calculation
Instead, 120 Euro – 16.66% = 100 Euro (the amount without VAT).
Another example:
Price without VAT = 500
500 x 1,20 = 600 inc VAT
100 (VAT) / 600 x 100 = 16,7% VAT refund, with a 20% VAT rate.
You can use the above VAT Refund calculator to do this math for you. It will easily tell you the refund percentage on the purschase price. Also, sort by country to see where it is best to buy your items for the biggest tax refund.
The tax-refund amount will be lower after administration fees when using an intermediary such as Global Blue or Planet Payment. The refund will be even lower if you go for cash payments, and lower than that for a cash payment in the currency of choice.
Now in most countries, the process of getting your refund is a terrible difficult and slow process, that these intermediaries are depending on the country, worth they money.
How the VAT Refund Calculator Works
Our VAT Refund Calculator allows you to input your initial amount, VAT rate, and choose between adding or removing VAT. It’s a versatile tool that suits various scenarios. Are you purchasing goods or services? Use the “Add VAT” option to see the total amount including VAT. Planning to claim a refund on your expenses? Opt for the “Remove VAT” feature to uncover the potential VAT refund you could receive.
Maximize Your Refunds
By utilizing this calculator, you can gain a clearer understanding of the VAT impact on your transactions. Not only does it provide you with the recalculated amounts, but it also indicates the maximum VAT refund you might be entitled to as a percentage of the initial price, including VAT. This information can be invaluable when making financial decisions or preparing expense reports.
Important Tips for Tax-Free Shopping
- Validate your tax-free forms at customs before leaving the country.
- If you opt for cash refunds, be aware of potential extra commissions.
- Some countries offer city offices for tax refund payments, so remember to send verified forms to the company after receiving your payment.
- Tax-free items should remain unused until you depart the country to qualify for a refund.
Enjoy your tax-free shopping experiences abroad, and make the most of your savings with VAT refunds.