Infographic: The Cost Of Business Travel
As demand surges in business travel and prices in the industry are sky-rocketing, is your company reclaiming all the VAT that is possible?
Global business travel spend is expected to hit more than $1.7 trillion by 2022, (according to the Global Business Travel Association’s latest BTI Outlook – Annual Global Report & Forecast).
Meals, coffees and taxis are small expenses but the huge volume of these transactions all add up to a sizeable amount of VAT reclaim. With global VAT rates of up to 27%, can you afford to miss out on any VAT reclaim?
Global business travel spend
Global business travel spending reached $1.33 trillion in 2017, advancing 5.8 percent over 2016 levels, according to the 2018 GBTA BTI™ Outlook – Annual Global Report & Forecast – But what if there was a simple way to reclaim up to 27% of your travel and expense spend?
What we can do for you!
Taxback International want to help you do just that! By reclaiming more VAT, you can start re-investing more money into your travel budget!
Taxback International’s technology-driven processes enable us to process a huge volume of transactions every day. We are dedicated to not only getting you a VAT refund but also making sure you are getting the highest potential refund while increasing your compliance levels. We report back on all transactions, not just your compliant ones – helping you to increase your VAT recovery, year on year, optimising your compliance to its full potential.