There are several countries in the world today that refund VAT incurred on business travel. Recovering VAT can result in significant savings on Travel and Entertainment (T&E) budgets for companies. It is a fact that several millions of dollars are left unclaimed each year. The recovery process has a limited shelf-life. What is left unclaimed is lost for ever! This blog intends to educate companies and business travellers on the various aspects of VAT Recovery. It will hopefully create an interest in recovering VAT, and result in savings on T&E.
In today’s interconnected business world, international travel remains essential for companies expanding their global presence. Consequently, there are expenses companies need to take on, and there are expenses that can be recovered. Many Colombian companies, don’t seem to realise they…
If you have a business in the USA, and travel to other countries on business, you should be recovering Foreign VAT (Value Added Tax) on expenses paid. The deadlines for submitting your documents for VAT recovery from the EU and…
Given the advancement of Information Technology, VAT Recovery automation should have happened in many countries. However, it has not yet happened. Why? We explore the question in some detail, in this article.
It may surprise some business executives to know that when they travel internationally for business to VAT-refunding countries, they’ve been paying Value Added Tax (VAT). This VAT expense can be refunded, amounting to significant savings. We’re here to enable you…
When I looked at what sort of Travel Blogs are out there on the Net, I came across hundreds. They are mostly Leisure Travel Blogs sharing information on destinations, or how to construct your trip. There are lots of tips.…