VAT Reclaim Assistance

VAT Reclaim Assistance

Tax authorities worldwide are allowing foreign companies to recover the VAT paid on their business expenses abroad to promote foreign trade and investment. itialuS allows companies to reduce the cumbersome VAT recovery procedures through:

  • On-site invoice audit retrieval services
  • Reissuance of incorrectly formatted or non-original invoices from suppliers
  • Processing and submission of foreign VAT claims in over 40 countries
  • Communication with Tax Authority and preparation of additional documentation, application forms, and appeals

Companies can reclaim VAT from overseas authorities for various types of employee expenses during business trips:

  • Hotels and Accommodation
  • Trade Shows and Business-Related Events
  • Public Transport
  • Taxi Fares
  • Car Rental Fares
  • Fuel Cost
  • Motorway Taxes
  • Employee Training Sessions
  • Business Conferences

Companies can also recover up to 27% of the VAT incurred on foreign suppliers’ invoices, such as:

  • Tooling
  • Supply and installation costs
  • Ability to pay different types of workers
  • Conventions and symposiums
  • Intercompany costs
  • Data colocation costs in data centers