Are you planning to buy a Hermes bag and wondering if it’s cheaper to buy it in Italy? Well, the answer is not that straightforward. Let’s dive into the details.
Why Italy?
Italy is known for its high-end fashion brands and is a popular destination for luxury shopping. Hermes, being one of the top luxury brands, has several stores in Italy, including Rome, Milan, and Florence. The question is whether buying a Hermes bag in Italy will save you money or not.
The Price Difference
The price of a Hermes bag varies depending on several factors such as the material used, size, and design. However, in general, Hermes bags tend to be more expensive in Italy compared to other countries. This is because of the high import taxes and value-added tax (VAT) imposed on luxury goods in Italy.
For instance, if you buy a Birkin 25 bag from Hermes in Italy, it may cost you around €7,000-€9,000 depending on the leather type. On the other hand, if you buy the same bag from Paris or London stores, it may cost slightly less due to lower VAT rates.
When can you save money buying a Hermes bag in Italy?
While buying a Hermes bag from Italy may not always save you money due to high taxes and duties; however there are certain scenarios when it might be beneficial.
- Refund Policy: If you’re not an Italian resident and plan on leaving Europe within three months of your purchase with your goods worth more than €154.94 (including VAT), then you can claim back VAT refund at the airport when leaving Europe.
- Exchange Rates: Check exchange rates before purchasing as sometimes exchange rates can work out better.
- Availability: If the bag you want is not available in your country or is out of stock, then buying it from Italy might be a good option.
Conclusion
In conclusion, buying a Hermes bag in Italy may not necessarily be cheaper due to high import taxes and VAT. However, if you’re a non-Italian resident and can claim back VAT refund or if the bag is not available in your country, then it might be worth considering. Make sure to do your research beforehand and factor in all costs before making a purchase decision.