VAT (Value Added Tax) is a European tax on supplies of goods and services. VAT stands for "value added tax" and it is value added at each transaction stage. The VAT rate differs between member states and varies from 5% to 25%. The tax is added to the total invoice and is paid to the government. It is recognised in different countries under different titles such as ITA, GST, MWST, TVA and MOMS.

Reclaiming VAT

To encourage international trade, European legislation was adopted in the 1990’s to enable businesses to recover the VAT on their expenses that they have incurred abroad. Companies are allowed to reclaim the VAT via the 6th, 8th and 13th Directive. Companies are allowed to reclaim the VAT on the following expenses;

Click here to view VAT chart of the refundable countries and expenses. Please note: certain requirements and criteria are in place for some refund countries. Tax Back International can offer you assistance with the requirements and the criteria.

Click here to request a refund application.

80% of Companies Lose Out on their Entitlement!

In a report by the European Commission, it was found that 80% of companies do not reclaim VAT expenses that they are legally entitled. Some of the reasons companies do not reclaim include the following:

NOT ENTITLED/ COMPLETED LOCALLY VIA DOMESTIC AUTHORITY

It is often perceived that overseas business (VAT) expenses are not refundable as they are incurred abroad. Others feel that their accountant has reclaimed the VAT via the local domestic VAT authority.

Tax Back International Solution: Tax Back International’s multilingual team ensures that you will have up the minute knowledge on your entitlements and will ensure that you are educated on the European VAT refund implications. In order to reclaim the foreign VAT from overseas travel expenses it is necessary to contact the VAT authority where the expense took place. It is a misconception to believe that a reclaim will be given from the local authorities.

LOCATION AND LANGUAGE

Location and language difficulties often deter companies from reclaiming the VAT. The costs incurred to translate the materials and the difficulties dealing with the different time zones make it difficult for companies to liaise with the foreign VAT authority.

Tax Back International Solution: Tax Back International’s multilingual team overcomes all language difficulties. Its 24 - hour processing center and direct relationships with various VAT authorities enables the refund for you in the shortest time.

TIME, COST AND HASSLE

The time and hassle incurred by companies prevents them from reclaiming the VAT. Financial Officers often suggest that the costs incurred to process the claim often outweigh the benefits.

Tax Back International Solution – Tax Back International makes it easy and hassle free for you to receive a VAT refund by doing all of the necessary paperwork involved and dealing with the foreign tax authorities on your behalf. Our processing fee is deducted from our refund cheque. Processing fees varies please contact Tax Back International for more details.

Tax Back International Solution

Tax Back international have crafted a Business VAT Refund Service that makes claiming a refund quick and easy. By using Tax Back International, you can focus on your core business activities while we take care of reclaiming the maximum amount of revenue for your business. Tax Back International is committed to exceeding client expectations. We call this our "Plus One" approach; our clients call this the most convenient financial service they have ever used.

Your company may be entitled to claim a VAT refund on a number of business expenses. TBI can claim your refund for you quickly and easily. All you have to do is apply online now, send your original invoices and TBI will process your reclaim for you with the VAT authorities. No upfront fee applies and a small % processing fee is charged when the refund is issued by the VAT authorities. Please note: certain criteria and requirements apply for some refund countries. Reciprocity rules apply for some member states.