Our Frequently Asked Questions resource answers common VAT queries and defines VAT terms and topics.
Value Added Tax (VAT) is an indirect tax levied on the supply of goods and services that can add between 5 – 27% to your company’s business travel expenses.
Applicable VAT rates vary from country to country and the tax is recognised under different names, including IVA (Italy), GST (Canada, Australia), MWST (Germany, Austria), TVA (France, Belgium) and MOMS (Scandinavia).
Businesses can reclaim VAT on a range of eligible expenses, which can be defined in three different groups: Travel & Entertainment Expenses, Accounts Payable Invoices and Intercompany Expenses.
Read moreTaxback International provide foreign and domestic VAT reclaim in all countries where there is a refund mechanism, among them all 28 EU member states.
Read moreDepending on the type of application, an original or scanned invoice is needed to support your claim.
Read moreTaxback International can manage your organisation’s reclaim process when you supply the following documents to us – invoice copies, letters of authority, certificate of taxable status and original invoices.
Read moreAll tax refunds are issued on discretion of the tax authorities. Depending on where your costs have been incurred, you may receive your VAT refund in as little as four weeks.
Read moreOur VAT recovery solutions are designed to fit the unique needs of companies of all sizes, offering market-leading pricing options tailored to your needs.
Read moreNo. Taxback International does not operate a minimum claim threshold, we will recover all the VAT possible to put back into your bottom line – no matter how small.
Read moreTaxback International combines innovative technology, deep industry expertise and value-added partnerships to deliver comprehensive VAT solutions.
Read moreYour business is eligible or liable to VAT register in another country if you are carrying out taxable supplies in that country, and the obligation to account for VAT is not shifted to your customer.
Read moreYes. You can reclaim VAT by reporting the VAT on purchases in your VAT return in the country your business is registered or in the country where you are required to register your business.This may result in either over-payment that could be claimed, or in a VAT credit that can be offset against VAT liabilities.
Read moreOnce your business has become VAT compliant by registering for VAT, it is also entitled to claim back VAT on purchases which it would otherwise not be able to get back.
Read moreBusinesses need to make sure that they are fulfilling their obligations in the jurisdiction they are VAT registered in, such as issuing compliant VAT invoices, keeping proper records, filing VAT returns and other tax declarations on time.
Read moreInternational VAT can be complex, time-consuming and challenging. Our international team of tax specialists will ensure that your VAT is managed in the most effective, cost-efficient and law compliant way.
Read moreIn order to encourage international trade, the European Union introduced legislation in the 1980’s enabling businesses to claim back VAT paid on expenses incurred while doing business in member states.
Read moreBusinesses can reclaim the majority of VAT paid on eligible expenses, subject to fulfilling nominal criteria. The applicable VAT rate varies from country to country, as does the list of eligible business expenditure.
Read moreThe European Commission has proposed ViDA as a framework aimed at modernising the existing VAT system.
Read moreDigital Reporting Requirements is a pillar of ViDA and entails the electronic submission of transactional data to tax authorities.
Read moreThe Platform Economy encapsulates the ecosystem of digital platforms that facilitate transactions between buyers and sellers.
Read moreSingle VAT Registration is a pillar of ViDA and aims to simplifying VAT compliance for businesses operating across multiple jurisdictions.
Read moreThe VAT Gap in Europe represents the shortfall between the expected VAT revenue and the actual revenue collected.
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