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How does Stamp work?

Introduction to Stamp's VAT-off service

M
Written by Marco
Updated over 2 months ago

How Stamp works? Purchase directly without VAT and then go to customs.

Amount you save: You pay the items without VAT directly in the store. You never pay the Tax, so you don’t need any Tax Refund on your shopping.

Required information at the 1st purchase: Phone Number or WeChat account, Passport details or ID (Swiss and Italians only), Credit/ Debit/ Prepaid card details as a VAT warranty.

VAT card warranty: Stamp pre-authorizes the VAT on your card for warranty. The VAT is not charged, the money remains on your bank account. You may receive a bank communication about this pre-authorization request. It will be cancelled when the invoice is approved at customs.

EU customs validation: When leaving the EU, you must visit the official EU CUSTOMS office to get the invoice validation within 90 days since its issuing. The goods purchased must be unused and ready for customs control. With Stamp, you MUST NOT visit any private tax refund office. 

  • Italian & Austrian Customs: visit the customs office with your paper or digital invoice to get the validation

  • Other EU Customs: visit the customs office with your paper invoice, then send us a clear digital picture of the validated invoice

Validation:

  • Invoice approved: Stamp will notify you once your invoice is approved and cancel the VAT pre-authorization on your card

  • Invoice rejected: Stamp will notify and charge you the VAT amount if you fail to obtain the customs validation

Service price:

  • Invoice total amount (including VAT) below €20,000: 1 fee per invoice

    • €1.49 from €70 to €150

    • €3.99 from €150 to €300

    • €9.99 from €300 to €500

    • €19.99 from €500 to €2,000

    • €24.99 from €2,000 to €5,000

    • €39.99 from €5,000 to €10,000

    • €49.99 form €10,000 to €20,000

  • Invoice total amount (including VAT) equal to or greater than €20,000: 1% commission based on total amount

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