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Global Trade Shop - VAT Recovery
- Companies which have incurred business expenses in European countries (and in some non-European countries, too) are often entitled to reclaim Value Added Tax or VAT on specific business expenses, including most goods and services.
- European VAT rates vary widely, averaging around 19%, with top rates reaching 25% in some countries. According to some estimates, US companies are currently reclaiming only 20% of the more than $1 billion they are paying in VAT in Europe, whereas German companies are giving away an estimated $1.2 billion in unclaimed European VAT refunds. These are just two examples.
- VAT Recovery Group, headquartered in Germany, can tell you what refunds are possible for which country (please see our VAT chart) and can help you estimate what you might save in claiming refunds instead of simply booking VAT payments as costs; in most cases this means big savings for your company.
- You can recover most of your VAT expenses such as those paid on:
- business travel costs (car rentals, hotel accommodation, meals, gas expenses, telephone expenses, etc.)
- business operating expenses (such as jet fuel, maintenance costs, etc.)
- marketing/Advertise services and professional advice such as that obtained through business consultancy services, etc.
- trade-fair expenses and conference costs
- goods, machines and equipment,
- exports into Europe and inter-European transfers of goods (subject to certain limitations)
- You can file VAT recovery claims at least every three months or once a year (subject to various country-specific restrictions).
- VAT Recovery Group will make the often difficult and complex task of recovering your VAT expenses a no-fuss, low-cost, no-refund-no-fee affair.
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