“Having instant access to information and the ability to customize reports has helped us improve our cash flow by planning ahead for potential refunds and any payments required.”
Eliminate manual processes.
Maximise your reclaim, minimise your risk with effortless solutions for VAT reclaim and compliance.
Innovative technology, effortless results.
Our automated, cloud-based VATConnect platform eliminates your VAT burden completely while providing real-time visibility, making recovery and compliance effortless for our clients. Discover how our leading-edge VATConnect platform helps you:
Increase your VAT reclaim by an average of 50% with automated VAT analysis for every single transaction.
Gain peace of mind with our fully indemnified solution that ensures 100% compliance.
Understand exactly what changes you can make to improve your VAT reclaim year over year.
Seamless integrations capture every transaction.
VATConnect Integrations automatically captures data and images from expense management systems, payment/ERP systems, corporate cards, hotel groups, and travel management companies (TMC’s) to quickly get a view of your total spend and your VAT reclaim opportunity.
Automated intelligence delivers expert analysis.
VATConnect Intelligence reviews and validates all data via our industry leading AI machine learning algorithms, and automatically applies the relevant VAT rules and regulations for each country.
Supports all international tax requirements, so it works wherever your company works.
Speaks your language
Multiple currencies and multiple languages, with no minimum or maximum thresholds.
Actionable analytics help you optimize VAT reclaim.
VATConnect Analytics delivers instant and secure access to all claims, registrations, returns and payments.
Track, manage and report at a global level as well as drill down into country, region and even individual level detail at a glance.
Insight & actions
Prescriptive analytics provide actionable insights to help you get the highest possible reclaim and improve compliance year after year.
Frequently asked questions.
What is Value Added Tax (VAT)?
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. It is levied at every stage in the business cycle, itemised on the invoice and paid to the government in each state with the cost ultimately borne by the end consumer. VAT was established to encourage cross-border trade from one county to another and was designed to be neutral to the business if they go through the effort to recover their foreign VAT.
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).
How much VAT can businesses reclaim?
Generally, businesses 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.
In some cases, only a partial recovery of the VAT amount paid is allowed. These partial recovery expenses are usually related to passenger cars, accommodation, meals and business entertainment. For example, Belgium refunds 50% of VAT paid on the expenses related to passenger cars, while in Denmark businesses can only claim back 25% of the VAT they have been charged on meals.
Why can businesses reclaim VAT?
In 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. VAT is refunded within the EU under the EU VAT refund directive, which enables EU companies to reclaim from any member state; the 13th Directive, allowing businesses established outside the 28-member block to reclaim the VAT from the EU territories.
A number of key non-EU territories, including Australia, Japan, Canada, South Korea, also refund VAT/GST/consumption taxes to the non-resident traders via specific refund procedures or under reciprocity agreements in place. For more information please contact Taxback International on firstname.lastname@example.org
Can Taxback International help my business if I am already registered for VAT?
International 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.
- We can maximise your VAT refund by reviewing your domestic T&E expenses retrospectively for a number of years (Domestic VAT recovery),
- We can ensure that your current in-house VAT system covers all necessary aspects by carrying out a VAT compliance review, VAT expense review or Expense code review,
- We can train your staff on various VAT related topics,
- We are your reliable adhoc VAT consultant.
What do businesses need to do if they are registered for VAT?
Companies have a number of 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. Engaging Taxback International to assist you and perform these activities for you will ensure that your business is VAT compliant.