Italy Money

Currency

Euro is used in Italy , and divide into 100 cents. There are seven notes - in denominations of 5, 10, 20, 50, 100, 200 and 500 euros – and eight different coins – 1, 2, 5, 10, 20 and 50 cents, and 1 and 2 euros. For the latest rates, check out www. xe. com.

You can exchange at bank in Italy because they usually offer a best rate. Banking hours are normally Monday to Friday mornings from 8. 30am until 1. 30pm, and for an hour in the afternoon (usually 2. 30–4pm). ATMs are easy to find. Credit cards are accepted by the majority of Roman restaurants, hotels, and shops.

Tipping

Service charges is automatically added to the check and must be visible on the menu in Italy. So you are not expected to tip. But round up the bill to next Euro is very normal. Or If you were given an outstanding service, you can leave a extra in cash. In bars, Italians often leave small change as a tip, maybe only €0. 10. Tipping taxi drivers is not common practice, but you are expected to tip the porter at top-end hotels.

Tax Refund

If non-EU residents spend more than 155 € at a tax-free shop, they are entitled to have a tax refund. VAT is 21% here. Remember to ask the Tax Free Form and complete. When you leave EU, get a stamp in the Customs desk. They money will be given to you directly or refunded to your bank account , which is up to your choice.

If you are a non-EU resident and spend more than €155 on a purchase, you can claim a refund when you leave. A value-added tax of around 21% is slapped onto just about everything in Italy. The refund only applies to purchases from affiliated retail outlets that display a ‘tax free for tourists’ (or similar) sign. You have to complete a form at the point of sale, then get it stamped by Italian customs as you leave. You can have the refund back in cash or to your credit card.