Buy Datejust 41 is Spain

[avilev995]

Hello all!


I am going to be at Spain, Malaga.

And i want to buy the following watch:
https://www.rolex.com/watches/dateju...6334-0002.html
DJ41 Blue Dial -> m126334-0002.

The price is 8,750€ (VAT INCL.).
I read the topic which contains the Rolex price table including the Tax in Spain is 21%.
https://www.rolexforums.com/showthread.php?t=631175

So 8750-21%=* 6,912.5‬€.
This is the price which i will pay for the watch after tax refund in the airport?


Thanks!

[SpeakWithMichael]

Is this something you've already arranged or you're hoping to find this exact watch in stock?

My math says 7231.5 + 21% = 8750

[Xtralarg]

You'll be lucky to find this watch in a shop window now.

[tomm0]

I’ve been trying to source a DJ 41 for 4 months from a Rolex AD and only yesterday did I get the call, although mine was Rhodium and they told me that’s now harder to source than Blue.

I literally rang every AD in London one afternoon and only one would even deal with me. One.

Basically stainless steel DJ41s are getting almost as tough to source as the SS professionals. If you haven’t arranged it then I imagine you have no chance I’m afraid

[georgekart]

Originally Posted by avilev995

So 8750-21%=* 6,912.5‬€.
This is the price which i will pay for the watch after tax refund in the airport?

Wrong calculation. 8750 already includes the 21% tax. So instead of doing 8750*0.79=6912.5 you should do 8750/1.21=7231.4

It is relatively hard to find DJ41, especially blue dial Jubilee, so I wouldn't expect to find one sitting at an AD or especially the airport AD.

[REFZ]

The price incl. VAT is (121%) so the price excl. VAT will be: 100/121 x 8750 = 7231 euro.

[MrPear]

The market these days is crazy.

I was actually shocked to see a DJ41 Wimbledon in the window of my AD yesterday.

[torrente]

It will be a bit less than 21% refund as the company that manage the service get a piece of the cake, here is the calculator: https://www.globalblue.com/tax-free-...nd-calculator/

[inadeje]

VAT or sales tax Scam in Europe or worldwide is insane. The government recycles every item we buy, re-taxing the same thing over and over again. Items sold a few times in Europe, accrue 50-75% of their value for gov coffers, depending on how many times they change hands.

Same watch @ 21% tax

Buyer one (new) 10k watch 2100 tax
Buyer two (used) 8k watch 1680 tax
Buyer three (used) 7k watch 1470 tax

*this example assumes depreciation but, it could be appreciation for certain rolex...

So if the example 10k watch is sold only 3 times in Europe, once new and two resales, total tax received is 5250 tax on a 10k watch.

Now use the same theory on say a 30 or 40 year old Rolex. How many times was it resold? My 5513 from 1968 was 238 euros new. Lets say its resold today for 10k, the government steps in and takes 2100 tax on an item sold for 238 euros 50 years ago? Its just a perpetual scam this whole VAT thing.

Sorry if I went off topic guys, it just infuriates me...

This is why governments love consumerism

[Pballkm21]

Originally Posted by avilev995

Hello all!


I am going to be at Spain, Malaga.

And i want to buy the following watch:
https://www.rolex.com/watches/dateju...6334-0002.html
DJ41 Blue Dial -> m126334-0002.

The price is 8,750€ (VAT INCL.).
I read the topic which contains the Rolex price table including the Tax in Spain is 21%.
https://www.rolexforums.com/showthread.php?t=631175

So 8750-21%=* 6,912.5‬€.
This is the price which i will pay for the watch after tax refund in the airport?


Thanks!

Unless you have a prior arrangement for this watch, I wouldn't get your hopes up. Unfortunately, this is the sad truth.

[JParm]

Are Datejusts experiencing the same kind of market as SS sport watches? I guess I haven't kept up on that front and didn't realize this. Amazing.

[Pballkm21]

Originally Posted by [email protected]

Are Datejusts experiencing the same kind of market as SS sport watches? I guess I haven't kept up on that front and didn't realize this. Amazing.

They are just very hard to find. However, they don't command the same premium as the sport models.

[Soultime]

Originally Posted by [email protected]

Are Datejusts experiencing the same kind of market as SS sport watches? I guess I haven't kept up on that front and didn't realize this. Amazing.

I think as the sports models have become harder to find then peolple have been looking at the alternatives.

DJ41 is proving popular, especially blue and Rhodium dials.

[Panych]

DJ is a great and underrated watch. On the background of SS sport models scarcity a SS DJ becomes more and more desirable and hard to find.

[Duke of Dulwich]

Yeah, I just contacted Watches of Switzerland to ask if they can get me a white dialled DJ41 and they said no. The world has truly gone mad.

[Shrek32]

If going to Malaga, you can try AD in Gibraltar, they usually have a good stock of watches ..was there Monday and had on my wrist a Tudor 58 and BB gmt available..they keep a very good stock of Rolex they had several sports models available..

[georgekart]

Originally Posted by inadeje

VAT or sales tax Scam in Europe or worldwide is insane. The government recycles every item we buy, re-taxing the same thing over and over again. Items sold a few times in Europe, accrue 50-75% of their value for gov coffers, depending on how many times they change hands.

Same watch @ 21% tax

Buyer one (new) 10k watch 2100 tax
Buyer two (used) 8k watch 1680 tax
Buyer three (used) 7k watch 1470 tax

*this example assumes depreciation but, it could be appreciation for certain rolex...

So if the example 10k watch is sold only 3 times in Europe, once new and two resales, total tax received is 5250 tax on a 10k watch.

Now use the same theory on say a 30 or 40 year old Rolex. How many times was it resold? My 5513 from 1968 was 238 euros new. Lets say its resold today for 10k, the government steps in and takes 2100 tax on an item sold for 238 euros 50 years ago? Its just a perpetual scam this whole VAT thing.

Sorry if I went off topic guys, it just infuriates me...

This is why governments love consumerism

Not how it works. Full tax is only paid once. Then, the item being sold already has tax paid, hence if it gets traded in, the seller will only pay tax on vendor's profit margin. Meaning if you sell your watch to a watch store in Europe for let's say 7k and they sell for 8k, they pay the tax on the profit, but they don't pay tax for the 7k part that they spent on buying a watch from you. Look at this direct quote from European Commission website about second hand goods: "
For professional dealers, VAT is to be levied on the vendor's profit margin.

Most second-hand goods have already borne VAT when they were originally sold as new or were sold at a previous stage.

Thus, in order to end all forms of double taxation, the Seventh VAT Directive provides that throughout the Community sales of second-hand goods will be taxed, in the country of the vendor, on the basis of the vendor's profit margin (the difference between the price at which he bought the good and the price at which he resells it), and not on the basis of the full value."

So in your example of a watch being sold 3 times total tax paid would be let's say it was originally 10k, then sold to a used watch seller for 7k and resold for 8k, finally sold to anothe used watch seller for 6.5k and resold for 7k. The tax would be 10k-10k/1.21=1736, second time 1k-1k/1.21=174 and finally last time 500-500/1.21=88 (all three rounded up) for a total of 1998. Much less than you assumed would be paid. Maybe in US, the sales tax is paid on full sales price (I don't know about US tax laws), but not in EU, at least it seems like that's not the case.

[beshannon]

Originally Posted by avilev995

Hello all!


I am going to be at Spain, Malaga.

And i want to buy the following watch:
https://www.rolex.com/watches/dateju...6334-0002.html
DJ41 Blue Dial -> m126334-0002.

The price is 8,750€ (VAT INCL.).
I read the topic which contains the Rolex price table including the Tax in Spain is 21%.
https://www.rolexforums.com/showthread.php?t=631175

So 8750-21%=* 6,912.5‬€.
This is the price which i will pay for the watch after tax refund in the airport?


Thanks!

Ask the Authorized Dealer when you have the watch in hand

[Juantxo]

If you can’t find the watch in Malaga, drop by Marbella as they have plenty of Rolex available.

[REFZ]

Originally Posted by inadeje

So if the example 10k watch is sold only 3 times in Europe, once new and two resales, total tax received is 5250 tax on a 10k watch.

I'm a VAT specialist in The Netherlands and the VAT system doen't work the way like you want to believe us...

[georgekart]

Originally Posted by REFZ

I'm a VAT specialist in The Netherlands and the VAT system doen't work the way like you want to believe us...

I already pointed it out with a concrete example to him. (Which you could look for to make sure it's correct.) What he describes is what I believe the American system is like, which is why he thinks like that.