HE
Hermès
Hermès
Kelly 28 Sellier Epsom
Structured Sellier Kelly in Epsom leather with gold hardware.
Best price after tax refund
$10,919
in USD
🇮🇹 Italy — pay €10,111 local
Save $3,114 (22%) vs 🇬🇧 United Kingdom
The global ledger
Regional price matrix
FX · June 2026
| Region | Retail (local) | Tax refund | After refund | In USD |
|---|---|---|---|---|
🇮🇹ItalyBest | €11,500 | −€1,389(12.1%) | €10,111 | $10,919 |
🇫🇷France | €11,500 | −€1,284(11.2%) | €10,216 | $11,033 |
🇩🇪Germany | €11,500 | −€1,230(10.7%) | €10,270 | $11,091 |
🇯🇵Japan | ¥2,145,000 | −¥195,000(9.1%) | ¥1,950,000 | $12,480 |
🇰🇷South Korea | ₩20,300,000 | −₩1,291,818(6.4%) | ₩19,008,182 | $13,686 |
🇭🇰Hong Kong | HK$108,500 | Not eligible | HK$108,500 | $13,888 |
🇸🇬Singapore | S$20,000 | −S$1,206(6.0%) | S$18,794 | $13,908 |
🇬🇧United Kingdom | £11,050 | Not eligible | £11,050 | $14,034 |
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$11,03311.2% refund
France
Global Blue
$11,033
11.2% refund
VAT / tax rate20%
Retail price€11,500
Operator commission−€632
Net refund to you+€1,284
Price after refund€10,216
Net refund after Global Blue commission, paid to credit card at airport.
🇮🇹ItalyGlobal Blue$10,91912.1% refund
Italy
Global Blue
$10,919
12.1% refund
VAT / tax rate22%
Retail price€11,500
Operator commission−€684
Net refund to you+€1,389
Price after refund€10,111
Min spend €70.01. Operator commission applied to VAT portion.
🇩🇪GermanyGlobal Blue$11,09110.7% refund
Germany
Global Blue
$11,091
10.7% refund
VAT / tax rate19%
Retail price€11,500
Operator commission−€606
Net refund to you+€1,230
Price after refund€10,270
Min spend €50.01. Customs stamp required at EU exit.
🇬🇧United KingdomNone$14,034No refund
United Kingdom
None
$14,034
No refund
VAT / tax rate20%
Retail price£11,050
No tourist VAT refund — scheme abolished January 2021.
No tourist VAT refund — scheme abolished January 2021.
🇯🇵JapanIn-store exemption$12,4809.1% refund
Japan
In-store exemption
$12,480
9.1% refund
VAT / tax rate10%
Retail price¥2,145,000
Operator commission−¥0
Net refund to you+¥195,000
Price after refund¥1,950,000
Immediate consumption tax exemption at registered stores. No operator fee.
🇭🇰Hong Kong—$13,888No refund
Hong Kong
—
$13,888
No refund
VAT / tax rate0%
Retail priceHK$108,500
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)$13,9086.0% refund
Singapore
eTRS (Global Tax Free)
$13,908
6.0% refund
VAT / tax rate9%
Retail priceS$20,000
Operator commission−S$446
Net refund to you+S$1,206
Price after refundS$18,794
Min S$100 per same-day, same-store purchase. Refund at Changi via eTRS.
🇰🇷South KoreaInstant / Airport$13,6866.4% refund
South Korea
Instant / Airport
$13,686
6.4% refund
VAT / tax rate10%
Retail price₩20,300,000
Operator commission−₩553,636
Net refund to you+₩1,291,818
Price after refund₩19,008,182
Instant refund up to ₩5M per transaction; airport refund above cap.
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