Cheapest Country to Buy Cartier 2023
Now let's look at the Cartier cost comparison between the US, Europe, Japan, China, HK, Singapore, Canada and Australia. In this comparison, I will calculate the price difference with the currency exchange, sales tax and the VAT Refund amount.
For this example, we will look at the Cartier Love Bracelet, Color Yellow gold. Pricing and exchange rates are as of June 6. 2023.
|Country & Region||Local Price||USD Equivalent Price||General VAT Rates|
|United States||$6,900 excl. sales tax||$6,900||0%-9.55%（Sales Tax-different states vary）|
|United Kingdom||£5,950 incl. VAT||$7434.15||20%|
|France||€7100 incl. TVA||$7612.97||Turnover tax: 20%|
|Italy||€7100 incl. TVA||$7612.97||22%|
|13, 9, or 6% depending on the types of goods and services|
Ұ863,500 incl. TVA
|Consumption tax: 10%|
CA$8,650 excl. sales tax
|Combined federal and provincial/territorial sales taxes range from 5% to 15%.|
AU$9,950 incl. GST
|Goods and services tax: 10%|
S$9,800 incl. GST
|Goods and services tax: 7%|
|HK||HK$54500||$6946.53||There is no VAT or sales tax in Hong Kong|
What is VAT?
The value-added tax (VAT) along with the goods and services tax (GST) is a consumption tax, which means it is paid by the private consumer. It is not a revenue tax. While over 160 countries use a value-added tax, it is most common in the European Union. It can be labelled VAT, TVA, IVA, moms, MwST, and a few others depending on each country.
VAT Rates: VAT is commonly expressed as a percentage of the total cost. For example, if a product costs $100 and there is a 15% VAT, the consumer pays $115 to the merchant.
Vat Tax Refund: It is a tax on consumption rather than income, and it ranges from 5-25%. 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.
As you can see from the table above, if you are going to purchase the Cartier Love Bracelet, then you should definitely purchase it in Europe (Italy, France, or other EU countries) and UK due to VAT refund. If you are a visitor and normally reside outside of the European Union, you may be entitled to a VAT refund. The most expensive place to buy a Cartier Love Bracelet is in China.
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How does the VAT Tax refund work in the EU?
1.How much is the VAT in Europe?
When you travel to Europe and purchase goods and services, the price you pay generally includes this tax on the added value that is provided at each step of the supply chain, from production to sale.
In the European Union, the VAT rate generally ranges from 5 to 25%, depending on the country. Some of them apply different rates of VAT according to the type of product or service, generally categorized as “standard”, “reduced”, and “super-reduced”.
If you're travelling to France, for example, some products include a 20% VAT while it amounts to 5.5 or 10% on others. It can go as low as 2.1% for super reduced VAT.
2. When can you get a VAT refund?
In European countries, most downtown department stores, large shopping centers, brand stores, factory stores, specialty stores, etc. can get tax refunds, and you must look for the "VAT Refund" and "Tax Refund" signs. Within 3 months before leaving the country and returning to China, tax rebates can be obtained for clothing, cosmetics, luggage, electronic products, handicrafts and other items that can be carried out of the country purchased in these places.
3. Can I get a VAT refund on online purchases?
Yes, you can get a VAT refund even for your online purchases. The same rules apply: you must be a permanent resident in a non-EU country and the amount you paid must be above the minimum prescribed by the country of the online store.
4. Can I get a VAT refund on hotels?
If you're not a business traveller, no. VAT refund schemes don't apply to hotel stays because those are regarded as services consumed on-site rather than exported goods.
Companies that often resort to business travel may submit a VAT refund claim, but this is the only exception.
5. Is It Worth Claiming a VAT Refund?
It depends. If you're a problem-solver and frequent traveller, it's probably worth it. But there is no denying that since a lot of paperwork is involved, it's a tedious process.
Where to buy Cartier Love Bracelet cheapest in the USA?
You can also buy your Cartier Love Bracelet at the tax-free states in the USA.
In the United States, the tax paid at the time of shopping and checkout is usually a comprehensive consumption tax, namely Combined Sales Tax, which is composed of the fixed state consumption tax (State Sales Tax) of each state + the local consumption tax (Local Sales Tax) of different regions , which results in different consumption taxes in different regions even within the same state.
Among the states in the United States, there are 5 tax-free states (Alaska is free of State Sales Tax, and some areas charge Local Sales Tax): Oregon, Delaware, Montana, New Hampshire, Alaska (part).
Where To Buy Cartier Jewelry & Watches The Cheapest Online in 2023?
Based out of Dubai and founded in 2011, The Luxury Closet is a leading online boutique for buying and selling new and pre-loved luxury items like handbags, clothes, watches and jewelry. With more than 40,000 unique items as part of thier selection, they feature top luxury brands such as Louis Vuitton, Dior Chanel, Van Cleef and Arpels, Cartier, Rolex, and more. We accept items and deliver globally.
Cartier Prices: $100-$36,404
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Harrods department store is one of London's most famous and iconic shops. The history of Harrods first starts in 1824. From exquisite and authentic decorations to high-quality goods, Harrods department store is definitely a must-see in London.
Harrods calls itself the "world's most famous department store" on its website, and it's hard to argue. It's synonymous with luxury and opulence. With more than 300 departments and 1.1 million square feet of selling space, it's also the largest department store in Europe.
Cartier Prices: £95-£38,400
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Watchshopping.com is the online luxury watch store that you have been looking for. Have you been thinking of purchasing a Cartier, Rolex, Omega, Tag Heuer or Seiko? Whether it will be your very first luxury watch or you're adding to your elite collection - they offer 100% authentic luxury watches at unbelievably discounted rates. Each brand new watch comes with their in-house warranty.
Cartier Watches Prices: $2949-$12,209
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- Up to 26% off select Cartier Watches.
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FARFETCH is a British-Portuguese online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world. The company was founded in 2007 by the Portuguese entrepreneur José Neves. FARFETCH is an online marketplace that forms the hub of a global fashion community, uniting independent boutiques around the world with fashion lovers.
An authority in future heirlooms, FARFETCH's selection of pre-owned Cartier fine jewelry features some truly timeless pieces. Look out for vintage jewelry such as the iconic Just Un Clou and Panthère de Cartier collections, Love bangles and diamond rings, and shop pre-owned fine watches too.
Cartier Prices: $1,000-$175,478
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Watches of Switzerland is a British retailer of Swiss watches, with 16 stores in the United Kingdom. The company headquarters is in Braunstone, England. The customers come to here because the watch they wear on their wrist matters to them. There are 7 Watches of Switzerland showrooms in the United States, in addition to dedicated Rolex, Breitling and Omega boutiques. There are a lot of Cartier watches on the website.
Cartier Watches Prices: $2,580 - $42,700
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Based in Paris, Collector Square is a leading curator of vintage bags, watches and jewellery, with each piece carefully chosen for its desirability. Hermès, Chanel, Rolex, Louis Vuitton, Cartier…with a range of nearly 15,000 luxury items selected by their specialists, the site Collector Square confirms its position as European leader since 2013 for sales of second-hand luxury bags, watches, jewellery, art and collector's items. All the watches are serviced by horologists before being put on the site and come with a 1-year guarantee. Each item is assessed and sent worldwide within 24 hours by secure transport and delivered together with an assessment certificate.
Cartier Prices: $780 -$61,640
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