How to Simplify Your VAT Reclaim Program
SAP Concur, in collaboration with Deloitte Tax, discusses how businesses can simplify VAT reclaim processes. The article notes that businesses leave an average of 44% of potential VAT revenue unclaimed on travel and expenses, and recommends automation to improve recovery, citing Michelin's $3.9 million recovered in three years.
Impact and considerations
Helps businesses identify VAT reclaim opportunities and save costs through automation.
Key points
- Businesses lose an average of 44% of potential VAT reclaims annually.
- Automation eliminates manual data gathering and reporting.
- Integration with travel systems provides real-time alerts.
- Michelin recovered $3.9 million in three years.
- Deloitte Tax provides professional support.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 9 May 2024, 19:26
- Page published
- 14 Aug 2026, 08:15
- Last updated
- 9 May 2024, 19:26
- Original links
- SAP Concur Blog：How to Simplify Your VAT Reclaim Program (opens in a new tab)Primary source · en · Published 9 May 2024, 19:26