Tourists are entitled to reimbursement of value added tax (VAT)

Any visitor to the European Union, who resides in a country not a member of this group, is entitled to reimbursement of the so-called value added tax (VAT) on their personal purchase, as long as it reaches a minimum of 90.15 Euros (including taxes ) In the same store. This right extends to those who reside in the Canary Islands, Ceuta, Melilla and Andorra.

"You are entitled to reimbursement of I.V.A. when leaving the European Union within three months following the month in which the purchase was made, "cites a pamphlet Premier Tax Free. A publication of El Corte Ingles indicates that the amount corresponding to the rate levied on goods, lessening the amount of transaction costs and management, provided that the total amount of the purchase exceeds the amount established by current legislation.

The rate of I.V.A. in Spain, as understood, is 16 percent on the net price, or 13.79 percent if calculated on the basis of the purchase price. However, the return is not automatic. It requires a strict but simple processing. Based on experience, provides management buying into a single store to be by department, offers a wide variety of merchandise (clothing, footwear, beauty products, etc.). Those can be achieved in the same business premises of the amount 90.15 Euros to opt for reimbursement.

Every day there are more facilities for tourists who visit us, that’s why Vico Real Estate is responsible for ensuring the property acquisition.