VAT Amount vs Refund Amount
Nov 1, 2014 | 7:04 pm
#1
Original Poster
Join Date: Jul 2008
Posts: 169
VAT Amount vs Refund Amount
I keep reading that you get your VAT amount back when you claim those Tax Free (Global Blue, Global Tax Free) receipts, but here I am in Korea and all my receipts have a Refund Amount that is always lower than the VAT amount. Instead if 10% it's usually a rounded number closer to 6%. What gives?
Nov 1, 2014 | 11:58 pm
#2
Join Date: Dec 2006
Location: BKK/SEL/YQG
Posts: 2,544
I keep reading that you get your VAT amount back when you claim those Tax Free (Global Blue, Global Tax Free) receipts, but here I am in Korea and all my receipts have a Refund Amount that is always lower than the VAT amount. Instead if 10% it's usually a rounded number closer to 6%. What gives?
Nov 2, 2014 | 6:21 am
#3
Join Date: Dec 2010
Location: Gangnam-gu, Seoul, Korea
Programs: KE Skypass Morning Calm Member, OZ Club
Posts: 2,381
To be honest, there are so many Chinese tourists at the airport claiming their own tax free that you need to arrive really early and spend a nice chunk of change back for it to be worth it!