Recover up to 27% on both foreign and domestic business spend through VAT reclaim.
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 expenses. Applicable VAT rates vary from country to country.
VAT refunds are available from overseas and local tax authorities on many business expenses; however complex and strict rules do apply, along with tight deadlines.
Employees travelling internationally is a huge expense for businesses. The good news is businesses can claim back VAT on international travel and entertainment expenses connected to employee business trips, even when not VAT registered in the country where the expenses take place.
Eligible expenses include accommodation, meals, taxis, car hire, public transport and conference costs.
Accounts Payable (AP invoices) from foreign suppliers attract significant foreign VAT charges, which is often refundable. However, the VAT reclaim process is complex, leading many businesses to miss VAT refunds.
Businesses can reclaim VAT on AP invoices in areas such as tooling, supply & installations, premises rental & purchase, professional services (consultants, lawyers, agencies), training & events, import VAT or airline expenses.
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Domestic VAT reclaim is the recovery of VAT on domestic travel and expense (T&E) transactions such as hotels, accommodation, meals, entertainment etc. This is typically reclaimed monthly or quarterly, but some countries also allow you to reclaim VAT on local business travel which occurred in the past.
Regular Domestic VAT reclaim provides frequent cash flow into your business.
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Our automated, cloud-based platform VATConnect eliminates your VAT burden completely while providing real-time visibility, making VAT reclaim effortless for our clients. Discover how our leading-edge VATConnect platform helps you:
Taxback International combines innovative technology, deep industry expertise and streamlined integrations to deliver comprehensive VAT solutions that maximise your VAT reclaim while minimising your risks, so you can focus on growing your business.
We eliminate your VAT burden completely while providing real-time visibility with every step of the way, making compliance and recovery effortless for our clients.
