Tax Policy

TAX POLICY PHILIPPE HAROLD

**Tax Exemption and Refund Policy for Non-EU Residents**

**1. Eligibility for Tax Exemption:**

1. The jewelry store ("Store") offers a Value Added Tax (VAT) exemption of 21% to non-European Union (EU) residents ("Customers") on eligible purchases made in the Store.
2. Customers are eligible for this tax exemption if they can demonstrate their non-EU residency status to the satisfaction of the Store's staff.

**2. Purchase and Initial Payment of VAT:**

1. Customers will initially pay the full purchase price, including the 21% VAT, at the time of purchase in the Store.
2. The VAT amount collected at the point of sale will be detailed on the purchase invoice issued by the Store.

**3. Stamp on the Invoice:**

1. To initiate the VAT refund process, Customers must obtain a stamp on their purchase invoice from the appropriate customs or tax authorities when leaving the EU country where the purchase was made.

**4. Submission of Stamped Invoice:**

1. Customers are required to send the stamped purchase invoice, along with any additional documentation requested by the Store, to the designated address provided by the Store.

**5. VAT Refund Calculation:**

1. Upon receipt of the stamped invoice and necessary documentation, the Store's accountant will conduct a thorough examination to verify the eligibility and accuracy of the VAT refund claim.
2. The VAT refund amount will be calculated based on the 21% VAT originally paid by the Customer.

**6. VAT Refund Process:**

1. After verification, the Store will initiate the VAT refund process.
2. The VAT refund will be transferred to the Customer's designated bank account.

**7. Refund Timing:**

1. The timing of the VAT refund may vary and is subject to administrative processing, including verification by the Store's accountant.
2. The Store will make reasonable efforts to process the VAT refund in a timely manner, but no specific timeframe is guaranteed.

**8. Customer Responsibility:**

1. Customers are responsible for ensuring that all required documentation is complete and accurate.
2. Customers must provide accurate and up-to-date banking information for the VAT refund transfer.
3. Any fees or charges associated with the VAT refund transfer to the Customer's bank account are the sole responsibility of the Customer.

**9. Compliance with Local Laws:**

1. The Store will ensure compliance with all applicable local tax laws and regulations in implementing this tax exemption and refund policy.

**10. Modifications and Interpretation:**

1. The Store reserves the right to modify or interpret this tax exemption and refund policy as necessary to comply with changing tax laws or for other legitimate business reasons.

This legal literacy statement outlines the tax exemption and refund policy for non-EU residents in a clear and comprehensive manner, addressing eligibility criteria, the process for obtaining a refund, responsibilities of both the Store and Customers, and compliance with local tax laws. It is advisable to seek legal counsel to ensure full compliance with relevant regulations and to draft any official policies or agreements.