Why would you leave your money abroad?
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When you are abroad you pay foreign VAT. Your employees pay foreign VAT when they are travelling, participating in fairs, exhibitions, education abroad and more. The VAT included in purchases made in the target country is refunded to foreign companies upon application. Many of our clients found the refund procedure difficult because of the language requirements and the rules that vary from country to country.
Even small invoices make a difference: For example in Germany, the hotel invoice of 100 Euro contains 19 Euro VAT and hundred hotel invoices sums up to 1.900 Euro refundable VAT. One fair stand can easily cost 5.000 Euro which means that refundable VAT on one invoice is 950 Euro.
The easiest way to reclaim VAT paid abroad is to use an expert representative like us. It is possible to get VAT Refunds from the costs incurred abroad. In 2009, we applied for about 40 million EUR VAT refunds for our clients.