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 other countries are fast approaching – mostly June 30, and December 31 for UK. This is when many US businesses that travel overseas for business, often drop the ball on foreign VAT reclaim.
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 to unlock significant savings via VAT Refunds on Business Travel, accommodation, and more. VAT refunds are an important part of optimising business expenses. Let’s start with an overview of VAT.
