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12 August 2018, 09:51 PM | #1 |
"TRF" Member
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Location: Dubai
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Getting VAT back from a gray seller
Hello
I will be traveling in UK and EU this month. I'm interested in getting a new BLNR. See the prices in Chrono they are close to what SRP is in Dubai. However if I was able to claim back some of the VAT it would ve quite competitive. Does anyone know if this is possible as it is not a straight boutique purchase? Sent from my LG-H870DS using Tapatalk |
12 August 2018, 10:00 PM | #2 | |
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Location: Dubai, UAE
Watch: 116710LN 116613LB
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Quote:
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13 August 2018, 04:22 PM | #3 |
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I doubt they will charge VAT in the first place
If they do, it will a VAT on a margin scheme. So they will only pay VAT on their profit. |
13 August 2018, 09:56 PM | #4 |
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Join Date: Apr 2013
Location: NL
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Yes and this also means no tax refund
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13 August 2018, 04:36 PM | #5 |
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Most EU-based greys wont bother with VAT refund.
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13 August 2018, 10:03 PM | #6 |
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Most can't as they buy and re-resell already VAT-declared merchandise.
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13 August 2018, 06:48 PM | #7 |
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Join Date: Oct 2015
Location: U.K.
Posts: 469
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Isn’t VAT only applicable on new goods? Watches from grey dealers are technically preowned since they aren’t an official distributor?
Whenever I have purchased from a grey there has been 0 VAT Sent from my iPhone using Tapatalk |
13 August 2018, 10:06 PM | #8 |
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13 August 2018, 11:50 PM | #9 |
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14 August 2018, 12:12 AM | #10 |
2024 SubLV41 Pledge Member
Join Date: Apr 2006
Real Name: Jocke
Location: Sweden
Watch: A dozen of Rolex's
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First grey dealer and the VAT refund, where will it end? You want both the watch and the money.
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