VAT, or Value Added Tax, is a type of tax that is charged on the value added to a product during production. It is used by countries around the world to collect revenue from consumers and businesses.
In Europe, VAT is charged at different rates depending on where you buy your furniture. For example, in France you pay 20% VAT when purchasing new furniture; in Spain it’s 21%; in Germany it’s 19%.
VAT, or value-added tax, is a consumption tax that’s applied to the sale of goods and services. It’s typically charged at the point of purchase, and it’s not included in the price you’ll see advertised. VAT is charged on the difference between the sale price and the cost of production for those goods or services.
Because VAT isn’t included in advertised prices, it can be difficult to know how much it will cost you to import furniture from overseas suppliers. However, if you’re importing furniture from overseas suppliers and paying them via PayPal or your bank account (rather than through an escrow service), then VAT should not be an issue!