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Anyone know if someone from Malaysia will to buy a Rolex in Singapore, can he get the 7% GST rebate ?
thx in advance
thx in advance
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Rolex Smurf 116619LB | Rolex Deepsea 126660 | Rolex Batman 116710BLNR | Rolex Daytona Black 116520 | Rolex Kermit 16610LV | Rolex GMT 2 116718LN Green Dial | Rolex Polar 16570 | Rolex DJ 115200 | AP ROO Montauk Highway | PAM 312 | PAM 425 | Cartier Santos XL | Maurice Lacroix Skeleton MP6258 | Maurice Lacroix PT6187/97 -
Yes, only if he/she is leaving via Changi. You'll probably end up getting 5.5% approx of the tax, a big chunk goes to the duty free company providing this service. -
Thx pal.
So the tax rebate is done at Changi airport ?Rolex Smurf 116619LB | Rolex Deepsea 126660 | Rolex Batman 116710BLNR | Rolex Daytona Black 116520 | Rolex Kermit 16610LV | Rolex GMT 2 116718LN Green Dial | Rolex Polar 16570 | Rolex DJ 115200 | AP ROO Montauk Highway | PAM 312 | PAM 425 | Cartier Santos XL | Maurice Lacroix Skeleton MP6258 | Maurice Lacroix PT6187/97Comment
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And make sure he must be a tourist position... No watever permit he is holding...Comment
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Btw, wat my understanding is not 5.5% minus admin charges. The admin charges is something like a flat rate n not in percentage.Originally posted by bttan View Post
Meaning, It all depends on how much is the watch.
For example a $10k watch rebate is $700, admin charges is $150, so cash back is $550 which turn up to 5.5%...
If watch is $30k, rebate is $2100, admin charges $150, so cash back $1950, then rabate is 6.5%...
maybe other bros can share their experience...Comment
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16k watch took back 930. noted.Comment
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Thank you all.
So can I say that he must be coming in as a tourist and also go back by Changi Airport.
Tax rebate will be less than 7% as there is an admin fee to be paidRolex Smurf 116619LB | Rolex Deepsea 126660 | Rolex Batman 116710BLNR | Rolex Daytona Black 116520 | Rolex Kermit 16610LV | Rolex GMT 2 116718LN Green Dial | Rolex Polar 16570 | Rolex DJ 115200 | AP ROO Montauk Highway | PAM 312 | PAM 425 | Cartier Santos XL | Maurice Lacroix Skeleton MP6258 | Maurice Lacroix PT6187/97Comment
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Wouldn't it be better to buy (provided the models wanted are available) from the shops inside the airport where they take out 7% from the price tag? No?Comment
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Buying from shops inside = Less work to claim tax and full 7%.
However,
Minimum chance of getting any popular models as anyone can buy.
No discount. The models you can find inside are the ones you can get discounts outside.Audemars Piguet Ball Bell&Ross Cartier IWC Longines Omega Panerai Rolex Sinn Tissot
Alba Casio Citizen Roox Seiko
Wanted to add PP but bo luiComment
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in aus u can get 10% off
hehheComment
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why bother with SG? if he get a chance, buy from europe with the weak exchange and VAT refund. Better than HK even...Comment
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Wow, thanks for the insight. Not a transparent transaction manComment
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agreedComment
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Recently, on my trip to Frankfurt, I went to my fav AD and managed to get a 2-tone Rolex Datejust 26mm for my mom. After the tax rebate of around 14.5%, and the in-house discount was a further 10%. I ended up paying close to $9,600 (Euro exchange was at SGD$1.71 and factoring in the credit card charges and exchange rates) and thought I had a very good deal. Last week, I went to a local AD to check out on another watch and saw the same piece. I asked for a price quote (I have not even started negotiating for further discounts) and was told it cost SGD$9,500.
After all the trouble of getting from overseas, I realised sometimes, the best deals are still back home here in SG.
This is especially true for Rollie dress watches. For sports models like Sub, GMT, DSSD or Daytona, I think the price is still fairly attractive to try getting it from Europe.Comment
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so best is found out the prices of local AD 1st before the overseas trip so when at overseas AD can know whether good buy or not.Comment
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