Percentage of VAT refund to the CITYREFUND customers depends on the total amount of purchase* listed on TF form, the amount of VAT, i.e. the standard rate or reduced rate, moreover, the bigger the total sum of purchases, the higher the VAT refund. The set rate P is the percentage of the net purchase amount which determines the amount returned to the customer.
Thus, if the total sum on your Tax Free Form with 21% VAT is, e.g. 1223,- EUR by using CITYREFUND services you can receive the following refund: R= 1223/121*15.7=158.69 EUR, which makes 74,76% return of the VAT paid.
CITYREFUND offers VAT refund within the limits of 72.8 to 81.04% in case of 21% VAT, and 52.5% to 66.7 in case of 12% VAT.
* The VAT refund rate will be calculated considering the total amount of purchase of the TF form.