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How much do you know about credit card tax refunds for overseas travel?

During the Golden Week, many people will definitely choose to travel abroad to "shopping for goods", and Europe is often one of the destinations for shopping. In addition to amazing discounts, the greater temptation when shopping in Europe comes from tax deductions. According to EU regulations, tourists from non-EU countries purchase items (general food and beverages) exceeding a certain amount in the same store (limited to stores qualified for tax refund, most of which have a "Taxfree" sign at the door, or you can ask when purchasing) on ??the same day on the same day. Tax refunds are not available for alcoholic beverages), and tax refunds are equivalent to refunds of business value tax. The tax refund starting point and tax refund range percentage are different in each EU country. Generally, it is 15-16% of the purchase amount. There are two methods of tax refund: cash tax refund and credit card tax refund. It is relatively safe to apply for a cash tax refund, because if you choose to return it to a credit card, it will be difficult to pursue the tax refund check if it is lost. However, if you get a tax refund by credit card, there is no handling fee, while for cash tax refunds, you will have to pay relevant handling fees. If you apply for a cash tax refund directly at a store, you need an international credit card guarantee and relevant handling fees. To apply for a tax refund at the airport, you need to fill in the tax form at the store, get it stamped at the departure airport, and collect the cash at the designated tax refund point. However, airport tax refund points often There are long queues, so you need to arrive at the airport early. Now France, Germany, Italy and other major European countries can receive tax refunds through UnionPay debit cards and UnionPay standard credit cards. As long as you spend money in a store in Europe with the "Tax Free Shopping" shopping tax refund logo, you only need to choose to refund the tax through UnionPay channels when applying for tax refund, and fill in the relevant UnionPay card information in the credit card number on the Global Refund Cheque. After the customs stamp takes effect, put it into a dedicated mailbox and send it back to Global Refund (Global Refund Group), and the tax refund will be remitted to your UnionPay card account. China UnionPay can convert tax refunds directly into RMB, eliminating the hassle of currency exchange. However, there is a certain waiting time between departure and tax payment, usually 1-2 months, and there will be a certain exchange rate loss. Understand the relevant regulations clearly and be sure to keep the receipt, tax form and envelope, because these are key materials used for tax refunds, and the envelope is used to send the tax form. Another thing to note is that when shopping in EU countries, you can only apply for tax refund when you leave the last EU country and go to a non-EU country. Therefore, when traveling to multiple countries in Europe, as long as all the countries you visit are EU countries, the tax refund procedure only requires All procedures must be carried out in the last country of departure. When shopping, it is best to consult the tour leader first and learn clearly about the tax refund countries and related itineraries for entry and exit, so as to avoid accumulating too much luggage or missing out on tax refunds. There are also some uncertainties in tax refunds, such as the tax refund form being lost during delivery, missing the tax refund deadline, encountering local customs strikes, trade union meetings, or other unpredictable circumstances, failing to obtain customs stamps, etc., which can be painful. Missed tax refund opportunity.