AP invoices from foreign suppliers attract significant foreign VAT charges, which is often refundable. However, the reclaim process is complex, leading many businesses to miss VAT refunds.
Invoices from many activities /purchases abroad often contain VAT, which is recoverable from the relevant tax offices. The refund process requires in-depth knowledge of local VAT and supply VAT rules, which leads to missed opportunities.
Due to a lack of knowledge on cross border tax legislations, many suppliers often incorrectly charge VAT to their foreign clients. This incorrectly charged VAT is also recoverable directly from the supplier, however many companies do not have the inhouse expertise to identify these charges.
IT Service Providers / Telecoms companies
Manufacturing and Production companies
Retail / Consumer Goods companies
Industrial equipment / construction companies
Fixtures, injection moulding gauges, cutting equipment and patterns.
Installation of machinery, infrastructure, and pipelines.
Venue hire, infrastructure expenses such as data centres, technical support office.
Engineers, consultants, lawyers, real estate agencies, maintenance/management fees.
Venue hire, restaurant/catering, transport in relation to training or events abroad.
Packaged foreign travel expenses such as accommodation, car hire and flights.
Mineral & oil tax for fuel costs, passenger aviation tax compliance costs, fuel invoice costs, corporate plane repairs or maintenance.
Warranty parts shipped overseas, goods purchased for manufacturing projects overseas, goods shipped overseas – DDP shipping (Delivery Duty Paid) or Storage at Data Centers located overseas.