Domestic VAT – also known as input VAT – is claimed on local travel and entertainment expenses connected to employee business trips. Up to 25% of these T&E expenses can be claimed adding considerable savings to a business.
A business 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.
Your business may have foreign vendors who are obliged to charge VAT. In this case, your business is entitled to claim the VAT on the foreign A/P invoices. By utilizing VAT recovery as a cost saving mechanism for your business, you can decrease the actual cost of your foreign vendor supplies and services by up to 20%.
We are constantly trying to relieve our clients of administrative burden. Because we act as an extension of our clients’ finance departments, we are often exposed to other business pain points which we then address by providing outsourced solutions to alleviate our clients’ costs and time-wastage.
High-level VAT rate tables displaying claimable countries and their general VAT rates for businesses
Country specific information detailing the requirements needed to be eligible for a VAT refund.
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