GU
Gucci
Gucci
GG Marmont Small Matelassé
Matelassé chevron leather with Double G.
Best price after tax refund
$2,263
in USD
🇮🇹 Italy — pay €2,096 local
Save $541 (19%) vs 🇰🇷 South Korea
The global ledger
Regional price matrix
FX · June 2026
| Region | Retail (local) | Tax refund | After refund | In USD |
|---|---|---|---|---|
🇮🇹ItalyBest | €2,350 | −€254(10.8%) | €2,096 | $2,263 |
🇫🇷France | €2,350 | −€235(10.0%) | €2,115 | $2,284 |
🇩🇪Germany | €2,350 | −€225(9.6%) | €2,125 | $2,295 |
🇯🇵Japan | ¥435,600 | −¥39,600(9.1%) | ¥396,000 | $2,534 |
🇬🇧United Kingdom | £2,100 | Not eligible | £2,100 | $2,667 |
🇭🇰Hong Kong | HK$20,900 | Not eligible | HK$20,900 | $2,675 |
🇸🇬Singapore | S$3,950 | −S$228(5.8%) | S$3,722 | $2,754 |
🇰🇷South Korea | ₩4,120,000 | −₩224,727(5.5%) | ₩3,895,273 | $2,805 |
Refund mechanics
How each market refunds you
Tap a region to see the VAT rate, operator commission, and the net refund actually paid back to your card.
🇫🇷FranceGlobal Blue$2,28410.0% refund
France
Global Blue
$2,284
10.0% refund
VAT / tax rate20%
Retail price€2,350
Operator commission−€157
Net refund to you+€235
Price after refund€2,115
Net refund after Global Blue commission, paid to credit card at airport.
🇮🇹ItalyGlobal Blue$2,26310.8% refund
Italy
Global Blue
$2,263
10.8% refund
VAT / tax rate22%
Retail price€2,350
Operator commission−€170
Net refund to you+€254
Price after refund€2,096
Min spend €70.01. Operator commission applied to VAT portion.
🇩🇪GermanyGlobal Blue$2,2959.6% refund
Germany
Global Blue
$2,295
9.6% refund
VAT / tax rate19%
Retail price€2,350
Operator commission−€150
Net refund to you+€225
Price after refund€2,125
Min spend €50.01. Customs stamp required at EU exit.
🇬🇧United KingdomNone$2,667No refund
United Kingdom
None
$2,667
No refund
VAT / tax rate20%
Retail price£2,100
No tourist VAT refund — scheme abolished January 2021.
No tourist VAT refund — scheme abolished January 2021.
🇯🇵JapanIn-store exemption$2,5349.1% refund
Japan
In-store exemption
$2,534
9.1% refund
VAT / tax rate10%
Retail price¥435,600
Operator commission−¥0
Net refund to you+¥39,600
Price after refund¥396,000
Immediate consumption tax exemption at registered stores. No operator fee.
🇭🇰Hong Kong—$2,675No refund
Hong Kong
—
$2,675
No refund
VAT / tax rate0%
Retail priceHK$20,900
Hong Kong levies no VAT/GST/sales tax. Price shown is final.
Hong Kong levies no VAT/GST/sales tax. Price shown is final.
🇸🇬SingaporeeTRS (Global Tax Free)$2,7545.8% refund
Singapore
eTRS (Global Tax Free)
$2,754
5.8% refund
VAT / tax rate9%
Retail priceS$3,950
Operator commission−S$98
Net refund to you+S$228
Price after refundS$3,722
Min S$100 per same-day, same-store purchase. Refund at Changi via eTRS.
🇰🇷South KoreaInstant / Airport$2,8055.5% refund
South Korea
Instant / Airport
$2,805
5.5% refund
VAT / tax rate10%
Retail price₩4,120,000
Operator commission−₩149,818
Net refund to you+₩224,727
Price after refund₩3,895,273
Instant refund up to ₩5M per transaction; airport refund above cap.
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