I have been reading and seeing how people what type of bags people were buying while on vacation.
I look at is as a gift/souvenir to myself. I have not travelled to Europe for 20+ years but a colleague had asked
me a an interesting question a while back.. Let say I bought a bag ($2000) to bring home.. I do all the proper
paper work involving VAT .. BUT since allowable shopping amount is only 800.00 during the trip, I would have to pay taxes on the excess amount (2000-800)?? is this correct ?.. how do I calculate this amount?? what would be the taxes ? where/when do I pay this?
thx for all the info here.
I look at is as a gift/souvenir to myself. I have not travelled to Europe for 20+ years but a colleague had asked
me a an interesting question a while back.. Let say I bought a bag ($2000) to bring home.. I do all the proper
paper work involving VAT .. BUT since allowable shopping amount is only 800.00 during the trip, I would have to pay taxes on the excess amount (2000-800)?? is this correct ?.. how do I calculate this amount?? what would be the taxes ? where/when do I pay this?
thx for all the info here.