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10 Things You Need to Know About VAT Refunds

10 Things About VAT
(Photo: Getty Images/E+)

When visiting Europe, you’ll find that many goods and services are assessed a “value added tax,” or VAT. It’s a tax on consumption rather than income, and it ranges from 15 to 25 percent. If you pay this tax when shopping abroad, you can often get your money back after you’ve returned home, since travelers are typically entitled to a refund for the VAT portion of prices for goods. But getting that refund can be a headache. Here are 10 things you need to know about claiming VAT refunds.

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