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10 Tips to Recover VAT on Foreign Business Travel

Since January 1st 2010, recovery claims for VAT invoiced in the European Union have been lodged electronically; however for countries outside of the European Union, the paper procedure is still valid. These variations mean that unfortunately the recovery of foreign VAT is still an extremely complicated and tedious process. These expenses should not be neglected as they represent a significant economic factor that can reach up to 27% of the amount spent abroad. VAT rates continue to increase in Europe with today’s average being 21%. The folks at Travel Daily News International have put together a guide to help you recover the Value Added Taxes from your last trip abroad. To read this informative article, click here.

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