VAT Recovery Solutions for Business Travel

If Business Travel is a part of your company’s expenses, you will be able to boost your profits, with very little effort by using our VAT recovery services. With businesses struggling in 2022, every little bit of savings can help. We’re here to make VAT recovery as effortless as possible for you!

Let us explain how you can reclaim unclaimed VAT to save money and boost profits today.

Boost Profits With VAT Reclaim On Company Expenses

Value Added Tax (VAT) refunds on Business Travel should mainly be viewed as a saving on corporate expenditure. With VAT Recovery, money can be recovered after having actually spent it! VAT is often the “Tax that pays back”.

VAT – The Tax That Pays Back

Many companies do not seem to realise that it is possible to recover money paid as Value Added Tax (VAT). VAT expenses relating to Corporate Travel can actually be recovered in over 20 countries.

We have a comprehensive list of VAT refunding countries including which country refunds on which item. Please request for the list using this Contact Form. The list includes almost all the Western European countries, South Korea and Japan.  Some countries may levy as much as 25% as VAT.

VAT Savings of Up to 25%

VAT Refunds can result in additional savings for businesses, and thereby boost profit figures.

Regardless of the size of your business, whether you are a Multinational or a Small and Medium Enterprise (SME), you can recover your VAT. Recovering VAT is an official and legally approved process in VAT refunding countries.

What is currently paper in your files (we refer to hotel and entertainment invoices), can be converted to cash. To make a rough estimate of your VAT recovery potential, here below is a table of some VAT refunding countries and their standard VAT rates:

Standard VAT Rates in Countries Around the World

CountryTaxRate
AustriaMwST20%
BelgiumMwST21%
CanadaGST13%
CroatiaPDV23%
DenmarkMOMS25%
FinlandALV24%
FranceIVA20%
GermanyMwST19%
IcelandVSK25.5%
IrelandVAT23%
CountryTaxRate
ItalyIVA22%
JapanC.TAX10%
NetherlandsBTW21%
NorwayMVA25%
S. KoreaVAT10%
SpainIVA21%
SwedenMOMS25%
SwitzerlandMwST7.7%
TaiwanVAT5%
United KingdomVAT20%

NB. The above is a selection of countries. There are more countries that refund on Business Travel. Rates may be changed without notice. Not all countries refund to every country. In red are countries for example, that do not refund to Colombia.

VAT Recovery for Events, Exhibitions and Seminars

Many businesses today attend or participate in Exhibitions and Seminars on a regular basis. It is part of the nature of their businesses. VAT on exhibitions space and the set up of an exhibition stand, can be quite high. VAT on these expenses is recoverable in many countries.

VAT Recovery on Accounts Payable Invoices

Coromandel SAS can go beyond just VAT incurred on Travel and Entertainment in VAT refunding countries. We can recover VAT on Accounts Payable Invoices (where applicable), VAT on Parts and Tools etc. If you have an invoice with VAT charges from a VAT refunding country, we are all set to go after the refund.

Turnkey Solution – A Hidden Goldmine

Coromandel SAS provides a turnkey VAT recovery solution for clients. In fact, there is very little the client has to do except to hand over the VAT invoices to us and a couple of other documents.

VAT Recovery is A Simple Process

Once we have this information, the rest is up to us. We will do all the work and come back to our clients with the VAT refund.

Millions of dollars go unclaimed each year. It is a simple decision to recover your VAT.  Make it today. Contact us.

No Result? No Fees To Be Paid

Fees are normally dependent on the volume of VAT that needs to be recovered. We work on a contingency fee basis. In other words, there is no advance payment to utilise our services. We only get paid on the successful recovery of your VAT. When we have recovered your VAT from refunding countries, we will deduct our agreed percentage as fees, and send you a cheque or make a transfer for your refund.

VAT Registration and Filing Services

Today, many businesses sell their products in many different countries around the world. Many of these transactions are also handled over the Internet. VAT that has to be paid, has to be paid. Some companies are unaware of registration and filing processes. Coromandel SAS can handle both processes.

Who can benefit from VAT Recovery? 

A wide variety of organisations can benefit from VAT refunds. These range from Small and Medium enterprises (SME), to large Multinationals to Retail Businesses to Universities.

VAT Refund Services to Universities

Universities that have an overseas educational programme in a VAT refunding country, may be eligible for VAT refunds. Many universities also have a printing division and print books and papers. These may attract VAT when sold. Coromandel SAS can assist in recovering refundable VAT.

Connect With Us For Unexpected Savings Today!

We recommend that you set up an appointment with our Consultant to explain the process of VAT recovery with a presentation.

Coromandel SAS offers a comprehensive VAT Recovery service in Colombia and South America.

Free Consultation for VAT Recovery

Click here to email Mano Chandra Dhas for a free consultation or presentation on the processes and benefits of VAT recovery. 

More Resources and Information on VAT Recovery

VAT FAQs for Colombia

Do foreign countries refund VAT to business entities in Colombia?

Many European countries will refund VAT incurred on Business Travel to Colombian companies. For example, the United Kingdom will refund 20% VAT charged on hotel room charges.

What categories of VAT paid in the United Kingdom, will be refunded to Colombian companies?

Colombian companies can claim VAT paid in the United Kingdom on hotel expenses, meetings and conferences, exhibitions, training etc. VAT can also be recovered if it has been charged on Accounts Payable invoices.

Are there deadlines for a Colombian company to file VAT refund claims with the United Kingdom VAT authority?

Yes, there are deadlines. Colombia companies must file their VAT refund claims with the United Kingdom VAT authority for the preceding UK financial year (1st July to 30th June), by 31st December.

What happens if a Colombian company fails to file a VAT refund claim with the UK VAT authority by 31st December of a year?

The opportunity the Colombian company had to recover the VAT from the United Kingdom VAT authority would have been lost. No extensions of filing dates are given. The company would have literally left money on the table and walked away.

What are the VAT refund filing deadlines for Colombian companies with other VAT refunding European Union countries?

For most European Union countries, the filing deadline for a calendar year, is 30th June of the following year. There are some exceptions. The Netherlands for example, will refund VAT paid for the previous 5 years (there are rules applicable), the first time a company files for VAT refunds with the Country’s VAT authority.