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Old 26.03.2021, 13:10
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Can I get tax return if I buy Omega watch and bullion in konstanz

Hi all, I plan to buy a luxurious watch, like Omega or Rolex, and an idea comes to my mind that why not buy it in Konstanz and get tax return?

May I ask whether tax return is also valid if we buy Omega in Konstanz? I only tried electronics before and I got 19% tax return?

Also does it also hold for bullion?

Thanks
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Old 26.03.2021, 13:13
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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Hi all, I plan to buy a luxurious watch, like Omega or Rolex, and an idea comes to my mind that why not buy it in Konstanz and get tax return?

May I ask whether tax return is also valid if we buy Omega in Konstanz? I only tried electronics before and I got 19% tax return?

Also does it also hold for bullion?

Thanks
For the watch, you get the German tax back then you pay the Swiss tax. However, first I would just go into an Omega shop on Bahnhofstrasse and explain what you are thinking and ask nicely if they will give you a similar discount as would be saved by the tax.

No idea about the bullion.
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Old 26.03.2021, 13:23
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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I only tried electronics before and I got 19% tax return?
16%, not 19%!

(1/1.19 = 0.84, i.e. 16%)

Tom
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Old 26.03.2021, 13:50
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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16%, not 19%!

(1/1.19 = 0.84, i.e. 16%)

Tom
16% of the gross price but actually 100% of the 19% tax returned. To say "19% tax return" is in my mind not incorrect.
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Old 26.03.2021, 14:12
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

There's no VAT on bullion
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Old 26.03.2021, 16:43
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

The formula to deduct the 19% then add 7.7% is to multiply by .90468.

Edited to add: You will also need to convert from € to F

Last edited by bowlie; 26.03.2021 at 17:22.
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Old 26.03.2021, 17:33
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

When calculating, factor in whether shop.in Konstanz is willing/able to do the paperwork themselves.

If you use one of the providers, they eat a lot in what you can save and I often found the whole hassle not worth it.

But I don't know how much the watch is 🤣
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Old 26.03.2021, 17:37
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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When calculating, factor in whether shop.in Konstanz is willing/able to do the paperwork themselves.

If you use one of the providers, they eat a lot in what you can save and I often found the whole hassle not worth it.

But I don't know how much the watch is 🤣
You only have to return with proof of export. The Porsche garage just wanted a German zoll stamp on the invoice to refund the VAT, no green paperwork like supermarkets.
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Old 26.03.2021, 17:47
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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You only have to return with proof of export. The Porsche garage just wanted a German zoll stamp on the invoice to refund the VAT, no green paperwork like supermarkets.
Kri is talking about avoiding global blue and the like. The vendor needs to account for the VAT ("the paperwork") and not all are willing to do it and certainly there's no obligation.
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Old 26.03.2021, 17:51
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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Kri is talking about avoiding global blue and the like. The vendor needs to account for the VAT ("the paperwork") and not all are willing to do it and certainly there's no obligation.
I never accept global blue for refunds, many shops will refund directly if you return to their premises even if they gave you a global blue form. It's more appropriate if you are leaving by Air, rather than living across the border. Horses for Corses.
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Old 26.03.2021, 17:54
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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For the watch, you get the German tax back then you pay the Swiss tax. However, first I would just go into an Omega shop on Bahnhofstrasse and explain what you are thinking and ask nicely if they will give you a similar discount as would be saved by the tax.

No idea about the bullion.
Even better... haggle on the price in Konstanz first and then get the tax back. Remember that both you and the seller should be embarrassed by your first offer. Depending on the model, I’d expect 15-20% discount is available on an Omega. Another tactic is to find the best price from a grey dealer (in the same country) on Chrono24 and ask the dealer to match it. I got within a couple of % on a JLC master geographique in HK doing that.
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Old 26.03.2021, 17:55
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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You only have to return with proof of export. The Porsche garage just wanted a German zoll stamp on the invoice to refund the VAT, no green paperwork like supermarkets.
Sure, I am very familiar with the process thanks.

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I never accept global blue for refunds, many shops will refund directly if you return to their premises even if they gave you a global blue form. It's more appropriate if you are leaving by Air, rather than living across the border. Horses for Corses.
Great! Whether *you* accept it or not is a different matter. I have seen shops not having a clue and only offering that option so was warning OP about this.
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Old 26.03.2021, 17:55
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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I never accept global blue for refunds, many shops will refund directly if you return to their premises even if they gave you a global blue form.
And many won't hence kri writing "When calculating, factor in whether shop in Konstanz is willing/able to do the paperwork themselves." If they do, then great! but waiting until after you've bought the item would be ill-advised.
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Old 26.03.2021, 17:55
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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Old 26.03.2021, 17:57
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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And many won't hence kri writing "When calculating, factor in whether shop in Konstanz is willing/able to do the paperwork themselves." If they do, then great! but waiting until after you've bought the item would be ill-advised.
It's part of the negotiation process, paying list & not asking would be foolish.

Looks like I can get my wife's birthday present https://www.cartier.ch/fr-ch/collect...e-cartier.html 40% reduced by asking someone who works there to buy the watch for me, it took a little time as my connection who had worked there for 35 years got made redundant last year.
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Old 26.03.2021, 17:58
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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It's part of the negotiation process, paying list & not asking would be foolish.
Glad you knew all these things early on, many of us commoners learned the hard way and are just assuming others may want/like the advice
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Old 26.03.2021, 18:37
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Re: Can I get tax return if I buy Omega watch and bullion in konstanz

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Glad you knew all these things early on, many of us commoners learned the hard way and are just assuming others may want/like the advice
Hard work sometimes isn't it.
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