To determine the cheapest country to buy a Balenciaga City Bag let analyze the price difference of a Balenciaga City Bag in United States, Europe, Singapore, Japan, UK and Australia after VAT refund rates.
Balenciaga City Bag is one of the most sought-after Balenciaga bag in 2024. Originally launched in 2001, the City Bag has maintained its popularity and iconic status over the years.
Take note that the prices for Balenciaga in Europe is the same whether you buy from France, Itay, Germany or Spain however the VAT refund will be different.
Here’s a breakdown prices in each of countries:
- Europe:
- Price: €1,820 to €2,270 for the Classic City Bag.
- VAT: Typically around 20% in most European countries.
- Refund: After a 20% VAT refund, the effective price could be approximately €1,456 to €1,816.
- Singapore:
- Price: SGD 3,300 to SGD 4,100.
- GST: 8%.
- Refund: After an 8% GST refund, the effective price could be approximately SGD 3,036 to SGD 3,772.
- Japan:
- Price: JPY 320,000 to JPY 400,000.
- Consumption Tax: 10%.
- Refund: After a 10% refund, the effective price could be approximately JPY 288,000 to JPY 360,000.
- USA:
- Price: $2,000 to $2,500.
- No VAT refund as the USA does not offer VAT refunds to tourists.
- Effective price remains $2,000 to $2,500.
- UK:
- Price: £1,600 to £2,000.
- VAT: 20%.
- Refund: After a 20% VAT refund, the effective price could be approximately £1,280 to £1,600.
- Australia:
- Price: AUD 3,200 to AUD 4,000.
- GST: 10%.
- Refund: After a 10% GST refund, the effective price could be approximately AUD 2,880 to AUD 3,600.
Analysis:
- Europe: Effective price after VAT refund is approximately €1,456 to €1,816.
- Singapore: Effective price after GST refund is approximately SGD 3,036 to SGD 3,772.
- Japan: Effective price after tax refund is approximately JPY 288,000 to JPY 360,000.
- UK: Effective price after VAT refund is approximately £1,280 to £1,600.
- Australia: Effective price after GST refund is approximately AUD 2,880 to AUD 3,600.
- USA: No refund available, so prices remain $2,000 to $2,500.
Converting the lowest effective prices to a common currency (USD) for a clearer comparison:
- Europe: €1,456 = approximately $1,580 (using exchange rate €1 = $1.085).
- Singapore: SGD 3,036 = approximately $2,240 (using exchange rate SGD 1 = $0.74).
- Japan: JPY 288,000 = approximately $2,100 (using exchange rate JPY 1 = $0.0073).
- UK: £1,280 = approximately $1,610 (using exchange rate £1 = $1.26).
- Australia: AUD 2,880 = approximately $1,920 (using exchange rate AUD 1 = $0.67).
Conclusion: Based on this comparison, the cheapest country to buy a Balenciaga City Bag after tax refunds is Europe, with an effective price of approximately $1,580.