Buying a Rolex in Switzerland and getting the VAT tax taken care of at the Geneva air

[101031-28]

Thank you for sharing your story, great pictures and valuable info. Remember the days of growing up in Italy and visiting Switzerland on a monthly basis, definitely a wonderful place to visit and shop for watches

[WV2019]

Originally Posted by gleiden

Terrific info. Going CH in June!

Have a wonderful time! Such beautiful views, great food and good memories await you there.


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[WV2019]

Originally Posted by GoingPlaces

So at the end of the day, you pay MSRP and then get 7% back, correct? That's not a bad play at all. Does it shake out even with the dollar? Thanks for the post and congrats on the watch!

The AD actually charged 7% below Swiss msrp. Currently the Swiss franc and USD are 1:1.


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[WV2019]

Originally Posted by MinMay

You need to pay Use Tax to your state by law :)

Yes. Pay your taxes.


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[WV2019]

Originally Posted by doboy007

Actually, you need to pay customs to US gov ;)

Yes. Pay your taxes.


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[GoingPlaces]

Thank you for the information. Great post.

So after you pay a customs tax, are you still ahead or even? How much are custom taxes? Is there a threshold to pay or is it on any dollar amount? I’ve read and heard so many different things not sure what it is.

Anyone please chime in. Trying to see if it’s worth it or not. Also, looks like the UK is your best bet if you want to go shopping for a watch due to the lower pound.


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[shapa]

Congrats! Thanks for sharing.

[Rrpdc]

Originally Posted by GoingPlaces

Thank you for the information. Great post.

So after you pay a customs tax, are you still ahead or even? How much are custom taxes? Is there a threshold to pay or is it on any dollar amount? I’ve read and heard so many different things not sure what it is.

Anyone please chime in. Trying to see if it’s worth it or not. Also, looks like the UK is your best bet if you want to go shopping for a watch due to the lower pound.


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I have heard various stories too. My experience from buying watches in usvi was 3% over your duty allowance. $800 per family member and $1600 for usvi. Coming from eu would be $800 duty free then add your duty if custom agent even wants to deal with it.

[No SUBctitute]

Originally Posted by angerbot

Import duties would probably bring this back up to about even though, no?

No.

If you buy a $7300 Sub from Germany (after VAT refund), US import duty is as follows: the first $800 is free ($0), the next $1000 is 3% ($30), and the remaining is about 4% on the remaining amount of $5500 ($220).

So, US import duties would be $250, plus the $7300 watch equals $7550. That's a $1,000 savings over US MSRP of $8550.

[SkyJuice]

Congrats! Makes me wana go there for vacation too

[grimps]

I tried the same at Manchester airport in the UK last week , there they had an agent Travelex taking care of it .
I had the VAT form already filled in and a stamp envelope addressed to the AD but Travelex told me that they must take it and I have still not received the VAT refund , is this normal ?

[kultschar]

Originally Posted by grimps

I tried the same at Manchester airport in the UK last week , there they had an agent Travelex taking care of it .
I had the VAT form already filled in and a stamp envelope addressed to the AD but Travelex told me that they must take it and I have still not received the VAT refund , is this normal ?

Ive had VAT refunds take up to 3 months

[grimps]

Originally Posted by kultschar

Ive had VAT refunds take up to 3 months

That's not the answer I was hoping for
I told them 3 times that all I needed was a stamp and ill send it back to the dealer myself , they insisted that they take it which I have a feeling was because they must get some kind of commission for every claim

[seabreeze60]

By US standards a good deal. Congratulations.