The deadlines for submitting your documents for VAT recovery from the EU and other countries are fast approaching – mostly June 30. This is when US-based businesses that engage in overseas travel for business, often drop the ball. With a simple process in place, defined by the company’s travel policy, US-based businesses can easily recover
Given the advancement of Information Technology, VAT Recovery automation should have happened in many countries. However, it has not yet happened. Why?
We explore the question in some detail, in this article.
It may surprise some business executives to know that when they travel internationally for business to VAT-refunding countries, they’ve been paying Value Added Tax (VAT). This VAT expense can be refunded, amounting to significant savings. We’re here to enable you to unlock significant savings via VAT Refunds on Business Travel, accommodation, and more. VAT refunds are an important part of optimising business expenses. Let’s start with an overview of VAT.
