VAT Recovery on Business Travel: A Complete Guide for Colombian Companies
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 can recover Value Added Tax (VAT) paid during international business travel. Let’s take a deep dive and break it down to study what it is, and how VAT refunds work for Business Travel.