Alimony Lawyer & Spousal Support Attorney Information

March 31, 2010

Things You Should Know About Tax Free Shopping

Filed under: law — Tags: , , , , , , , , , , , , , , — Tom Norman @ 4:01 pm

It seems almost everyone is looking for ways to save money these days. One way to do it is by taking advantage of tax free shopping deals.

Many countries give refunds of sales taxes paid to their international visitors. There are a variety of online websites that list those countries and information on how to get your refund. If you are using a travel agent, they may be able to give you information about tax free purchases.

There are some states within the United States that participate in such programs. There are restrictions so you will need to check with the state that you are going to be in to see if you will be able to have any sales taxes that you paid refunded to you.

Inside the United States, there are some states that do not have a sales tax so you never pay it. New Hampshire and Delaware and just two states that do not have a sales tax so you can take advantage of tax free shopping anytime.

Within the past few years, a lot of states have started to hold annual tax free holidays. Although the timing can vary, they typically are held about the same time that the school year begins. You can usually buy items such as back to school supplies, computers, and clothing tax free during these holidays but qualifying items can vary from state to state. Local newspapers or even stores will have a list of the items that qualify. If you live close to another state, check their list also to see what items qualify. Not every state has the same items so you may be able to save some money by going to another state.

To get the most out of your shopping trip, make a list of the items you need to buy. Be sure to check your list against your states eligible items list. Check store sale ads as many stores run sales on items that qualify as tax free purchases. Expensive items such as computers may have prices slashed to make them qualify for a tax free event. Quantities are usually limited so if you want one of those items, you need to plan to get to the store early. Make a list of the stores that you want to shop and prioritize the list so that you can be sure to pick up items that you need.

You may have to spend some time doing checking to see what items qualify and making a plan for your shopping expedition, but you may find that you can save quite a bit of money by going tax free shopping!

Find the joy of tax free shopping and how much you may save. Get the correct time frame for tax free shopping to ensure you shop at the correct time. Go online today and learn more.

February 25, 2010

Tax Free Shopping For Non-EU Residents

Filed under: law — Tags: , , , , , , , , , , , , , , — Tom Norman @ 2:08 pm

When traveling abroad there is that small thrill felt when passing by the duty-free store tucked into various international airports selling all manner of goods including perfumes, alcohol, and chocolates for purchase sans sales tax. With the every day reality of paying taxes, the moment a consumer can free themselves from it, the more attractive the shopping item becomes. Beyond the already tax-free shops, when traveling into the European Union (EU) from a non-EU country, tax-free shopping as a non-EU resident is possible by reclaiming taxes on a number of retail goods.

Tax-free shopping allows customer to bypass any retail taxes including sales, consumption, or value added tax (VAT). EU shoppers contend with the latter value added tax that acts as a sales tax on all goods and varies by country in its value.

Paying tax (EU-VAT) on all goods purchased when abroad in the EU is mandatory, but non-EU residents by law are allowed to instigate the refund process on return to their native countries. The amount of EU-VAT will vary from country to country much like the variety found state-by-state in America.

To utilize this refund system, initial payment of the sales tax (EU-VAT) is required and the amount will vary from country. Fortunately, and by law, non-EU resident shoppers can claim refund on all EU-VAT amounts.

Getting a refund on VAT for something as small as a pack of gum isn’t going to happen, there are minimum purchase requirements that must be adhered to, as well as different refund percentages for each EU nation.

Goods exempt from VAT, in general, are childrens clothing and books. Full VAT-refunds can be had, but countries vary on the percentages that are able to be claimed, as well as having minimum purchase requirements on goods purchased.

For example, Premier Tax Free has relationships with over 70,000 worldwide retailers. Choose which company you want to handle your refund wisely and you can make tax free shopping for non-EU residents an easy transaction.

Learn all you want to know about tax free shopping by checking it out now. Take advantage of the chance to save money by enjoying some tax free shopping. Jump online and learn all you want to know.