The VAT refund industry is currently an effective duopoly between Global Blue and Planet Payment. However, the inherently competitive nature of the market (what economists refer to as Bertrand ...

Here's how value-added tax works, what it is and how you can get a VAT refund if you shop while traveling. Many, or all, of the products featured on this page are from our advertising partners who ...

The largest difference between VAT and sales tax is when the tax is applied: With a sales tax, the levy is paid only once, by the retail customer. With VAT, though, each stage of the production ...

To claim a VAT refund in France, your total purchases inclusive of all taxes need to exceed €100 from the same store, on the same day. (This can apply to multiple stores.) ...

The value-added tax (VAT) has the potential to generate significant government revenue. Despite its intrinsic self-enforcement capacity, many tax administrations find it challenging to refund excess ...

The Ombud explained that if a VAT refund is not paid out within 21 business days, Sars is obliged to pay interest at a prescribed rate on the amount refundable. However, certain circumstances will ...

The VAT varies across the EU and ranges from 20 to 27 percent, so the savings can be sizable: someone purchasing a €500 handbag in Rome--which has a 22 percent VAT--could, in theory, save as ...

IN our article published on June 19, 2025, we discussed the requirement under Republic Act 12066, or the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for ...

The micro-purchase app program allows all U.S. Forces VAT-refund program customers in Germany to consolidate and upload their small-purchase receipts on one VAT form each month.

THE Create More Act (Republic Act 12066) and its implementing regulations introduced key amendments to the VAT refund and tax credit system in the National Internal Revenue Code (the “Tax Code”).