Below is a table comparing the prices of Gucci handbags in Singapore and Europe in 2024, including the price after VAT refund if purchased from Italy.
| Handbag Model | Price in Singapore (S$) | Approx. Price in Singapore (EUR) | Price in Europe (After VAT Refund) | Price Difference (EUR) |
|---|---|---|---|---|
| GG Marmont Matelassé Mini Bag | S$3,150 | € 2,122 | € 1,639 | € 483 |
| GG Marmont Small Shoulder Bag | S$3,800 | € 2,560 | € 1,886 | € 674 |
| Jackie 1961 Small Hobo Bag | S$3,950 | € 2,658 | € 2,296 | € 362 |
| Horsebit 1955 Small Shoulder Bag | S$3,950 | € 2,658 | € 2,296 | € 362 |
| Diana Small Tote Bag | S$5,200 | € 3,500 | € 2,706 | € 794 |
Summary:
- GG Marmont Matelassé Mini Bag: €483 more expensive in Singapore after VAT refund.
- GG Marmont Small Shoulder Bag: €674 more expensive in Singapore after VAT refund.
- Jackie 1961 Small Hobo Bag: €362 more expensive in Singapore after VAT refund.
- Horsebit 1955 Small Shoulder Bag: €362 more expensive in Singapore after VAT refund.
- Diana Small Tote Bag: €794 more expensive in Singapore after VAT refund.
The calculations for the price in Europe after the VAT refund assume a standard VAT rate of 22% in Italy and a refund rate of approximately 15-16% of the retail price. The actual refund amount can vary slightly based on the VAT refund provider and any applicable fees.

