Claim Tax Back with the Tourist Refund Scheme (TRS)
Whenever you travel overseas from Australia, you may claim a tax refund on items purchased in Australia via the Tourist Refund Scheme (TRS).
Category: Travel Money
Nasty TRS Change Reversed
The Australian government has reversed an unfortunate change it made to the Tourist Refund Scheme (TRS) last year that would have made the scheme virtually useless to most Australians. With the TRS, anyone departing Australia on an international flight can claim back the GST or Wine Equalisation Tax (WET) on products with a combined value … Continued
Nasty Change to Australia’s Tourist Refund Scheme
Australia’s Tourist Refund Scheme (TRS) has long been a popular way for international travellers to claim a refund of the tax paid on expensive items being carried out of the country. But a recent change has rendered the scheme a lot less useful than before for Australians heading overseas on short holidays or business trips. … Continued
COVID-19 is Accelerating the Transition to a Cashless Society
Many frequent flyers prefer to use credit cards for every possible transaction in order to earn points. But there are still around half a million Australians that don’t have a debit or credit card, preferring to pay for everything with cash. Slowly but surely, this number has been decreasing. Over the past decade, cash transactions … Continued
Taxing Tourists is Counterproductive
Chile recently removed the reciprocity fee it charged to Australians when entering the country. This is great news as it makes Chile a more affordable and attractive destination to Australians, and will likely stimulate the country’s tourism industry. But, sadly, this goes against a recent trend of countries that have decided to introduce or increase … Continued