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Where To Buy IWC Watches The Cheapest In 2024? (Cheapest Country, Discount, Price, VAT Rate & Tax Refund)

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Where To Buy IWC Watches The Cheapest In 2024? (Cheapest Country, Discount, Price, VAT Rate & Tax Refund)

Established in 1868, IWC Schaffhausen is defined by meticulous Swiss craftsmanship, industrious engineering, and sophisticated design. Bringing together progressive American production techniques and the skilled craftsmanship of Swiss watchmakers, IWC timepieces are created to last a lifetime. The brand is renowned for its in-house manufactured movements and six watch families, including classic pilot's references and the iconic 'Portugieser' line.Where to buy IWC Watches the cheapest? Which is the cheapest country to buy IWC watches? Is IWC watch price cheaper in Singapore, or in South Afica? How to buy IWC Waches tax free in Europe? How to get IWC watch tax free in USA? In this guide, I will tell you the best and cheapest places to buy new and secondhand IWC watches!

Cover Photo:iwc.com

The Best & Cheapest Country to Buy IWC Watches 2024

The prices of IWC watches vary between countries, because of the currency exchange rate, current prices, VAT, taxes and other factors that play a role in how much the luxury watch cost.

Let's look at the IWC watch cost comparison between the UK, US, Europe, Canada, Australia, Japan, Singapore, and South Africa. In this comparison, I will calculate the price difference with the currency exchange, sales tax and the VAT Refund amount.

For example, we will look at the price of IWC BIG PILOT'S WATCH 43 IW329304. The Big Pilot's Watch is IWC's most popular and famous watch family. The very first IWC Pilot’s Watches of the 1930s and 1940s set technical benchmarks, and the dial designs determined the instrument look that has remained characteristic to this day. Pricing and exchange rates are as of September 1. 2024.

Country & Region	Local Price	USD Equivalent Price	General VAT Rates
United States	$9,650(tax included)	$9,650	0%-9.55%（Sales Tax-different states vary）
United Kingdom	£8,250	$ 9560.88	20%
France	€10,700	$10730.01	20%
Italy	€11,000	$11030.85	22%
Austria	€10,800	$10830.29	20%
Switzerland	CHF10.200	$10409.81	7.7%
Germany	€10,600	$10629.73	19%
Finland	€11,200	$11231.42	24%
Spain	€10,900	$10930.57	21%
Japan	Ұ1,292,500 incl. VAT	$9267.06	Consumption tax: 10%
Australia	AU$14,700	$10027.38	Goods and services tax: 10%
Canada	CA$12,400	$9427.08	Combined federal and provincial/territorial sales taxes range from 5% to 15%.
HongKong(China)	HK$75,600	$9632.87	There is no VAT or sales tax in Hong Kong
China	¥76400	$11070.86	13, 9, or 6% depending on the types of goods and services
Taiwan (China)	NT$315,000	$10340.25	5%
Singapore	SG$14,700	$10503.64	Goods and services tax: 7%
Malaysia	MYR43,000	$9589.65	6% GST
South Africa	R175 000	$10190.30	Around 15%

Source:iwc.com

What is VAT?

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.

Conclusion: As you can see from the price comparison chart above, the cheapest and best countries to buy IWC watches are in UK, USA and EU due to VAT refund and tax free. The most expensive country is in China.

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How to buy IWC Waches tax free in Europe?

1) Eligibility for VAT refunds

To qualify for a VAT refund, you must:

Be a resident of a non-EU country at the time of purchase;
Have been in EU for less than six months;
Be at least 16 years old;
At the time of purchase, you must be able to produce evidence of the above, such as a passport or, as an exception, an original, valid identification card if you live in a non-EU country that is part of the Schengen Area (Norway, Switzerland, Iceland or Liechtenstein).
A stamp by the customs office at the point of departure from the EU definitively exempts the seller from collecting VAT. It is up to the seller to reimburse the VAT paid on the basis of the customs validation.

2) How To Acquire Tax-refund?

Purchase Your Items

Go to the merchant and purchase your LV bag.

Get Your Passport Ready

In order to get your tax-refund, you will need to prove that you are a tourist from another country.

Receive Proper Documents from Retailer

The merchant will need to create a special tax-free form for your Louis Vuitton handbag purchase. Most of the time, sales assistants will automatically fill in the paperwork for your refund, but make sure to double-check so you don’t miss out.

Get Documents Stamped

Your document will need to be stamped at customs before you can apply and return home.

Get Your Refund

It's very important you remember to drop your tax refund paperwork off at the airport. At Paris - Orly or Paris - Charles de Gaulle airport, locate the tax refund desk, scan the document, and pop it into a mailbox, which is located in the terminals at both of these airports.

You can receive this VAT sales tax back immediately in cash - you will receive 10.8% of your purchase back if you leave the EU within 21 days. Or you can wait a little bit longer and receive the refund via your credit card, this may take up to three months but you will get 12% of your purchase back.

Source:iwc.com

How can I get IWC watch tax free in USA?

When shopping in the United States, the listed price of the merchant does not include sales tax (Sales Tax), which will only be calculated at the time of Checkout. Different states in the United States have different laws, and each state has a different sales tax. With this in mind, the question you need to ask yourself is: are you willing to pay nine percent more than you need to for your new IWC watch?

1) States with no sales tax

There are five states with no state sales tax at all: Alaska, Delaware, Montana, New Hampshire and Oregon.You can visit those states and check if the official store has the IWC model you desire.

2) States with tax refund

There are two states that have a tax refund program for tourists, they're Louisana and Texas. You can claim the sales tax back after shopping. There are rules of course and processes that you need to go follow.

Is Hong Kong the cheapest place to buy Swiss watches?

Hong Kong may be the country that is most known for its cheaper prices when it comes to the cheapest countries to buy luxury watches. It is the number one market for Swiss watch exports, and in theory, this bulk purchasing power can provide some discounts.

Is IWC a luxury watch?

IWC is the 10th most recognized Swiss luxury watch brand in the world and is nonetheless admired by many watch collectors around the world as a fine watch brand.

Are IWC watches good quality?

IWC watches are the epitome of quality, precision, and luxury. Their long history in high horology has allowed them to hone their craft and remain steadfast in their pursuit of excellence. IWC is a technical innovator.

Collectors who appreciate detailed designs and exceptional, traditional movements love this brand. Grand Complication pocket watch produced in 1890 had over 1,300 parts) . The Aquatimer – IWC's highly lauded diving watch – was the first to be water resistant to 2,000 metres, and the groundbreaking perpetual calendar mechanism of the Da Vinci is accurate for 500 years.

Are IWC Watches a Good Investment?

Absolutely. As well as looking good, IWC watches can provide a fantastic opportunity for investment. The timepieces have a history of creeping up in value over the years, making them a great alternative to more well-known brands.

Source:iwc.com

The Cheapest Place to Buy IWC Watches Online

1. MR PORTER

MR PORTER is a destination of discovery for men – a place to be inspired, to find connection and to explore all aspects of a stylish life. With a selection of more than 500 of the world's most sought-after brands, they're on a mission to provide men with everything they need to look their best, and through their content and community offering they're helping them to feel their best, too. You can find

IWC Pilot's, Blue Dial, Portofino, Leather Strap, Aquatimer, Black Dial Here.

Source:mrporter.com

IWC Prices: $4500-$35000

Coupon or Discount:

-Download the MR PORTER app and get 15% off your next order with code MRP15APP. T&Cs apply

- Sign up at MR PORTER to get 10% off your order.

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2. Mayors

In 1910, Mayors opened its first doors to connoisseurs of fine jewelry and elegant timepieces. Offering an unparalleled selection with first-class service, the humble jeweler quickly became renowned as the destination for quality and craftsmanship. Today, Mayors has 14 stores across Florida and Georgia showcasing iconic brands from around the world.

For sale in a variety of styles, you’ll find some of the most iconic models online with Mayors., including the Portofino and Portugieser, Pilot and Aquatimer. Choose between an automatic and manual winding motion, as well as a whole host of luxurious case materials including stainless steel, bronze, gold, and titanium.

Source:mayors.com

IWC Prices: $4250-$43400

Coupon or Discount:

-Free shipping on your order.

-SIGN UP AND GET $100 OFF YOUR FIRST ORDER (Minimum spend $1000)

Extrabux Cash Back: 4-5% Extrabux cash back

3. Watches of Switzerland

Watches of Switzerland was founded in Ludgate Hill in 1924. It is a British retailer of Swiss watches, with 16 stores in the United Kingdom. The company headquarters is in Braunstone, England. Some of their clients have been with them for over 50 years – they like to think of them as‘friends of the business’.

There are 7 Watches of Switzerland showrooms in the United States. Explore IWC Schaffhausen's diverse range of exceptional timepieces -AQUATIMER, PILOT'S, PORTOFINO, PORTUGIESER, all available to purchase at Watches of Switzerland.

Source:watchesofswitzerland.com

IWC Prices: $4350-$43400

-Sign up and get $100 OFF Your first order (Minimum spend $1000).

-Free Delivery On All Orders.

Extrabux Cash Back: 4-5% Extrabux cash back

4. Saks Fifth Avenue

Saks Fifth Avenue is the premier destination for luxury fashion, driven by a mission to help customers express themselves through relevant and inspiring style. Since inception in 1924, they have delivered one-of-a-kind shopping experiences, featuring an expertly curated assortment of fashion and highly personalized customer service.

Their unique approach combines an emphasis on the digital customer experience with a strong connection to a network of 41 extraordinary stores across North America for seamless, all-channel shopping.

Source:saksfifthavenue.com

IWC Prices: $4500-$43400

Coupon or Discount:

-Free shipping & free return.

-Create an account and get 10% off your next purchase with code ACCOUNTSF.

-Enter for a Chance to Win a $1,500 Gift Card.

Extrabux Cash Back: 3.5-4% Extrabux cash back

5. Net-a-Porter

Since its launch in June 2000, NET‑A‑PORTER has delivered incredible fashion for incredible women. With more than 800 of the world's most coveted designer brands, including Gucci, Chloe, Balenciaga, Saint Laurent, Isabel Marant, Prada, Cartier , IWC, 200 specialist beauty brands, and new arrivals on site three times a week, NET‑A‑PORTER is the world's premier luxury fashion destination.

Source:net-a-porter.com

IWC Prices: $5050-$19200

Coupon or Discount:

-10% off your 1st order, use code FIRST10. T&Cs apply.

Extrabux Cash Back: 2.5-3% Extrabux cash back

6. Crown& Caliber

An exclusively online marketplace for pre-owned luxury watches, Crown & Caliber is dedicated to taking the fear and skepticism out of the watch buying & selling process. They'll help you find something new for your wrist or help you leave behind something that you just aren't that into anymore. Now, they carry 40 plus brands, including Rolex, OMEGA,Tudor, Breitling,Panerai,TAG Heuer, IWC, Cartier, Patek Philippe. They own every watch on their site and complete tens of thousands of transactions each year.