Are you optimising this huge opportunity for your business?
Businesses incur VAT (Value Added Tax) on domestic or local business travel and other business-related expenses. You can recover this VAT as a direct business expense through your local VAT returns in countries where:
Many countries operate a backdated domestic VAT refund system, allowing for refunds up to 6 years after the expense is charged.
*Subject to deduction rules and restrictions per country.
We work with major global enterprises, and as a first step we complete Domestic VAT Health Checks for companies who are either using a competitor or filing themselves.
Our insights have found that 60% of companies are not making full or correct Domestic VAT submissions.
Four consistent causes emerged:
Domestic VAT reclaim is a major lost opportunity for many companies to easily generate significant revenue. Our insights have found that 60% of companies were not making full or correct domestic VAT returns to their local tax office before working with us.
Understand your businesses’ Domestic VAT refund potential.
VATConnect analyses all of your receipts and invoices for reclaimable VAT and shows you the status of your VAT recovery in real-time, with high-level dashboards and detailed views.