Testimonials
"We highly appreciated your assistance at every stage of the process, especially the efficient correspondence with your office during the preparation of documentation. The tax refund procedure was also simple and clearly explained by Tax Back staff."
Michelle Tsai, BenQ , Taiwan
"This service we received was excellent; we receive regular updates as to the progress of our claims and the amount of paperwork to be completed is minimal."
Natasha Snelling, Financial Accounts, David Price Racing, UK
"The level of support given by Taxback International has been of a very high standard and the level of work required by our internal team is minimal. I would highly recommend Taxback International to other companies."
Colleen Gabbett, Financial Accountant, Redmills, Ireland
"Many thanks for the service provided to us. I found you at all times to be thorough and professional and communicated the process clearly and efficiently. We have retained your services again this year."
Andrew Corrigan - Financial Controller, Lily O'Briens, Ireland
"You have been very proactive in developing ways to inform our customers about the possibility of reclaiming VAT, including attachments to invoices, developing website links and providing a personal presence at one of our largest events."
Anne Shuker, Group Indirect Tax Manager, US, Informa
VAT recovery explained
What is VAT?
Value Added Tax (VAT) is an indirect tax levied on the supply of goods and services that can add between 5 - 25% to your organisation’s foreign business expenses. It is levied at every stage in the business cycle, itemised on the invoice and paid to the government in each state with the cost ultimately borne by the end consumer. VAT was established to encourage cross-border trade from one county to another, and was designed to be neutral to businesses if they go through the effort recover their foreign VAT.
Applicable VAT rates vary from country to country and the tax is recognised under different names, including IVA (Italy), GST (Canada, Australia), MWST (Germany, Austria), TVA (France, Belgium) and MOMS (Scandinavia).
Why Can Foreign VAT Be Recovered?
In order to encourage international trade, the European Union introduced legislation in the 1990s enabling businesses to claim back VAT paid on expenses incurred while doing business in member states. VAT is refunded from the EU under the 8th Directive, which enables EU companies to reclaim from any member state, and the 13th Directive, which allows businesses established outside the 27-member bloc to claim. A number of key non-EU territories, including the US, Japan, Canada and South Korea, also refund VAT thanks to reciprocity agreements.
What is Eligible for VAT Recovery?
Taxback International can secure foreign VAT refunds from 38 countries on a range of travel and entertainment (T&E) expenses including:
- Trade fair and conference costs,
- Meals, accommodation and business entertainment,
- Travel and transport costs,
- Advertising and promotional costs,
- Professional services,
- And many additional expenses.
Taxback International can also maximise your refund potential by identifying a range of additional expenses possibly eligible for VAT reclaim including: corporate travel, import VAT refunds, warranty services, inter-company expenses, and haulage and transport costs.
Use our VAT calculator to assess your potential refund or register and see how you can simplify your VAT reclaim process and maximise your return.
News
16.06.2009
Taxback.com managing director and CEO Terry Clune is nominated for the Ernst & Young Entrepreneur of the Year Award for 2009.
12.06.2009
Taxback.com staff joined the families and doctors of Sveta Marina Hospital in Varna, Bulgaria last week to celebrate the official opening of the newly renovated children’s cancer ward.
12.06.2009
The Taxback Group and our partner Concur supported the 34th Annual American Ireland Fund Gala event in New York on May 14th.