If you are planning to travel in 2024 and is wondering where is the cheapest place or country to buy Louis Vuitton, let us provide our two cents worth below. First there is the VAT tax that you need to pay when you make a purchase locally however such VAT taxes refund can be made if you are a tourist. Secondly, prices are still different for each country. For example, China is the most expensive place to buy Louis Vuitton while Europe remain the cheapest place.
Following table summarize the prices of a Louis Vuitton Neverfull MM (Monogram) in the different countries in their local currencies. For comparison sake, we have convert all to USD to highlight the price gap between each country.
Local Price : Display the selling price for each of the country. Europe remain to be the lowest price where a Neverfull MM is priced at €1.500,00 which is USD$ 1579 after conversion. A Neverfull MM would have cost you USD2,030 in United States, USD$ 2058 in Singapore and USD$ 1943 in Australia
PRICE IN USD$ : We convert all the prices in its local currencies to USD for easy comparison. UAE being a tax-free country priced its Neverfull at USD$ 2084 which is pretty close to the price in United States which is USD2,030. Even without VAT refund, Europe remain the cheapest place to buy Louis Vuitton.
ACTUAL VAT Refund : If you are in France, even though the local VAT is 20% you don’t get the full 20% when you do the VAT refund. You only a portion of it which range between 8%~12% depending on the method you use to do the refund. If you do it yourself, you get around 12% however if the store processed for you which is more convenient , you get 8%~10%.
Hungary’s actual VAT refund ranges from 13.5% to 19.0% of purchase amount making it the country that provide the highest VAT refund in Europe. This also mean it is cheapest country to buy Louis Vuitton in the world.
Luxembourg ranks as the worst country for tax-free shopping in Europe. With a standard VAT rate of 17%, the average amount you can claim back is only 10.44%.
PRICE AFT VAT REFUND USD$ : This is the actual amount you pay after VAT refund. The amount may defer as we took the highest amount of VAT refund in this case.
To summarize the cheapest place to buy Louis Vuitton in the world is Hungary in Europe and the worst place is Luxembourg. However if you are not planning to visit Europe, other popular tourist destination in Asia like Japan or South Korea continue offer cheaper prices compared to United States, Singapore and Malaysia.
| Country | Local Price | Price in USD$ | Actual VAT Refund | Price AFT VAT Refund USD$ |
|---|---|---|---|---|
| USA | USD2030 | 2030 | ||
| Hungary | €1500 | 1579 | 14% ~19% | 1279 |
| Denmark | €1500 | 1579 | 12% ~17% | 1310 |
| Sweden | €1500 | 1579 | 13% ~17% | 1310 |
| Finland | €1500 | 1579 | 13% ~17% | 1310 |
| Ireland | €1500 | 1579 | 14% ~15% | 1342 |
| Italy | €1500 | 1579 | 11% ~15% | 1342 |
| Belgium | €1500 | 1579 | 8% ~15% | 1342 |
| Netherlands | €1500 | 1579 | 8% ~15% | 1342 |
| Spain | €1500 | 1579 | 10% ~15% | 1342 |
| Austria | €1500 | 1579 | 12% ~14% | 1357 |
| France | €1500 | 1579 | 8% ~12% | 1389 |
| Monaco | €1500 | 1579 | 12% ~16% | 1326 |
| Germany | €1500 | 1579 | 6% ~14% | 1357 |
| Luxembourg | €1500 | 1579 | 10% ~11% | 1405 |
| UK | £1410 | 1720 | 4% ~16% | 1326 |
| Japan | ¥260,700 | 1747 | up to 5% | 1659 |
| India | ₹ 151,000 | 1815 | ||
| Korea | ₩2,520,000 | 1860 | 4% ~7% | 1729 |
| Canada | CAD 2580 | 1911 | ||
| Australia | AUD 3050 | 1943 | ||
| New Zealand | NZ$ 3300 | 1964 | ||
| Malaysia | RM 9250 | 1964 | ||
| Singapore | S$ 2820 | 2058 | ||
| China | ¥14800 | 2063 | ||
| Hong Kong | HK$ 16300 | 2081 | ||
| Dubai , UAE | 7650 AED | 2084 | ||
| Brazil | R$11100 | 2202 | ||
| Mexico | MXN 42000 | 2377 |