Foreign VAT Refunds

An estimated €20 billion in VAT goes unclaimed by companies each year and instead of finding its way back to your company’s bank account it remains in the treasuries of the European Union States. This proves VAT reclaim is definitely worth the time and effort. However, there are a number of challenges which need to be overcome to ensure successful VAT reclaim.
Most European countries offer VAT refunds on certain goods or services purchased while on business trips. Most of the expenses specifically related to travel and entertainment and non-travel-related expenses such as employee relocation and training courses in some Member States qualify for VAT refunds.

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