Buying luxury brands such as Louis Vuitton can be a costly affair. Given the high price tags attached to these products, it’s natural for shoppers to look for ways to save some money.
One question that often arises is whether it’s cheaper to buy Louis Vuitton in Ireland. In this article, we will explore this topic and provide you with some valuable insights.
Why Buy Louis Vuitton in Ireland?
Louis Vuitton is a popular luxury brand that has a significant presence in different parts of the world, including Ireland. The brand has several stores in Dublin, where shoppers can find a wide range of products such as handbags, wallets, shoes, and accessories.
One of the reasons why shoppers may consider buying Louis Vuitton in Ireland is due to the country’s tax policy. In Ireland, VAT (value-added tax) is charged at a rate of 23% on most goods and services. However, visitors from non-EU countries who make purchases in Ireland are eligible for a VAT refund.
The VAT Refund Process
If you’re a non-EU resident visiting Ireland and plan on purchasing Louis Vuitton products worth more than €75, you can claim a VAT refund at the airport before leaving the country. To do this, you need to ask for a Tax-Free Shopping form when making your purchase.
When leaving the country, present your Tax-Free Shopping form along with your purchases at the customs desk at the airport. The customs officer will stamp your form if everything is in order, allowing you to claim your refund from the retailer or their tax refund company.
The amount of VAT refunded varies depending on the product purchased and its value. However, shoppers can expect to save around 12-15% on their purchases.
Are Louis Vuitton Products Cheaper in Ireland?
While there are savings to be made through the VAT refund process, it’s essential to note that Louis Vuitton products are not necessarily cheaper in Ireland compared to other countries. The prices of Louis Vuitton products are usually consistent across the brand’s stores worldwide.
However, what shoppers need to take into account is the currency exchange rate. If your home currency is stronger than the Euro, you may find that purchasing Louis Vuitton products in Ireland works out cheaper due to favorable exchange rates.
Conclusion
In conclusion, buying Louis Vuitton products in Ireland can be a good option for non-EU residents looking to save money through VAT refunds. However, shoppers should not expect to find significant price differences compared to other countries. It’s also worth considering currency exchange rates before making your purchase.
When it comes down to it, purchasing luxury brands such as Louis Vuitton requires careful consideration and research. By understanding the tax policies and exchange rates of different countries, shoppers can make informed decisions and potentially save some money.