VAT IT Reclaim, the largest VAT tax refund service provider in the world, announces today that it has established a global cooperation with UnionPay International, the bankcard company serving the world’s largest cardholder base. Under the agreement, VAT IT Reclaim will provide cross-border tax refunds services for enterprise customers that hold commercial credit cards with UnionPay International.
By leveraging VAT IT Reclaims’ resources and 20 years of industry knowledge, UnionPay International is able to focus on expanding and developing its card services, significantly enhancing the user experience and financial benefits of UnionPay Commercial Card holders. The partnership aims to provide a one-stop solution for reducing costs on overseas business travel through VAT refunds, while improving card management efficiency too.
VAT IT uses industry-leading technology to automatically calculate a company’s VAT refund potential. VAT IT will offer a fully outsourced, end-to-end service to claim the VAT refunds.
‘’VAT IT Reclaim are extremely excited to announce our partnership with UnionPay International. The partnership brings together natural synergies that will enhance our Companies service offerings and ensure that tens of thousands of clients have access to significant cost savings. The partnership utilizes industry-leading technology platforms and a seamless integration, that will provide deep insights into VAT recovery potential of UnionPay Commercial Card holders, adding tremendous value to our mutual clients,’’ said Brendon Sliver.
Carlson Li said, “With about 2,700,000 UnionPay Commercial Cards issued worldwide, the launch of this new VAT refund service enhances our service capacity to our company clients worldwide. We are very glad to partner with such a significant industry player as VAT IT Reclaim. I believe this partnership will bring about an all-win result.”
The new partnership results in the creation of new, innovative services for commercial cards, and represents the first step for VAT IT Reclaim and UnionPay International to strengthen their relationship and deliver integrated services for enterprise account holders. The cooperation ultimately aims to provide a one-stop solution for customers’ business expenses to reduce costs and improve management efficiency, whilst ensuring a seamless business travel experience for the UnionPay Commercial Card holders.
About VAT IT Group S.a.r.l
VAT IT Reclaim is the biggest VAT reclaim firm in the world. Their industry-first technology, tailor-made services and simple sign-on process maximizes customers’ VAT Refunds. VAT IT Reclaim offer full, end-to-end VAT recovery and compliance solutions, from expenses related to foreign and domestic business travel, shipping and A/P expenses, as well as specialized tax recovery services for the aviation, pharmaceutical, MICE and tour operator industries. VAT IT Reclaims’ tailor-made services and industry-first technology are designed to dramatically maximize tax savings for customers. Finding more information, please see www.vatit.com.
About UnionPay International Co., Ltd.
UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business. In partnership with more than 2000 institutions worldwide, UnionPay International has enabled card acceptance in 177 countries and regions with issuance in 58 countries and regions. UnionPay International provides high quality, cost-effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants. For more information, please visit www.unionpayintl.com/en.