Have you ever wondered if it’s cheaper to buy Chanel in France? The answer is yes, but there are a few things you need to know before you start planning your shopping trip.
Why is Chanel Cheaper in France?
The main reason why Chanel is cheaper in France is due to the value-added tax (VAT) refund system. In France, the VAT on luxury goods such as fashion items, jewelry, and perfume is 20%.
However, non-EU residents can get a VAT refund on their purchases when they leave the country. This means that you can save up to 12% on your Chanel purchases in France.
How Does the VAT Refund System Work?
To qualify for a VAT refund, you need to be a non-EU resident and spend at least 175 euros on your purchase. When you buy your Chanel item, make sure to ask for a VAT refund form from the salesperson. You will need to present this form along with your purchase and passport at the airport when you leave France.
The VAT refund amount will depend on the total price of your purchase and the current exchange rate. The refund will be given to you in cash or credited back to your credit card.
Things to Keep in Mind
- Make sure to bring your passport when shopping for Chanel in France.
- Plan ahead and allow enough time at the airport for processing your VAT refund.
- The price difference may not be significant for smaller purchases.
Other Factors Affecting Price
While the VAT refund system can save you money on your Chanel purchases in France, there are other factors that can affect the price. For example, if the euro is strong against your currency, it may offset any savings from the VAT refund.
Additionally, prices may vary depending on the location of the Chanel boutique. For example, prices in Paris may be slightly higher than in smaller cities or towns.
Conclusion
In conclusion, it is cheaper to buy Chanel in France due to the VAT refund system. However, it’s important to keep in mind other factors that may affect the price. If you’re planning a shopping trip to France and want to save on your Chanel purchases, make sure to do your research and plan ahead.