Service steps:
- Step 1
Audit of accounts and retrieval of original invoices
- Step 2
Analysis of the expenses and restyling of invoices
- Step 3
Preparation and filing of VAT refund claims
- Step 4
Follow-up of claims and online reporting
- Step 5
Refund of VAT
VAT is levied on invoices from foreign suppliers for operations such as trade shows, training, seminars or warranty services. VAT is always included in employee expenses when travelling abroad.
According to the European Directives, businesses have the right to reclaim this VAT from the tax administration of the country in which it was paid. This recovery is currently possible in more than 35 countries accross Europe and worldwide.
Click here to request a list of countries where VAT is recoverable
Due to the barrier of foreign languages and different national VAT legislations the recovery process can be complicated.
- VAT Systems is your unique contact point for all your foreign VAT recovery worldwide.
- VAT Systems' close relationship with the competent tax authorities gives us valuable insight into the recovery requirements in each individual country.
- VAT Systems performs a technical analysis of all invoices in accordance with the requirements of the respective VAT legislation and has a controlled procedure of invoice correction for accounts payable and employee expenses.
- VAT Systems provides online reporting for groups and individual companies, with a detailed overview of all claimed and refunded VAT amounts, as well as access to a downloadable listing of processed invoices.
Click here if you wish to be contacted for a demonstration of our online reporting
The fees of VAT Systems are a percentage of the VAT refunded to the client and they are payable after refund.