Nearly Two-Thirds of U.S. Companies Fail to Reclaim VAT
SAP Concur research reveals that 69% of U.S. companies are not confident in reclaiming VAT from U.S. travelers, 29% are somewhat confident, and only 2% are very confident. The article cites cost containment as the leading reason for re-evaluating processes (42%), and mentions a 75% average increase in reclaimable VAT after switching to SAP Concur.
Impact and considerations
Provides insights into VAT reclaim for multinational companies, highlighting the role of automation in compliance and cost savings.
Key points
- 69% of U.S. companies are not confident in reclaiming VAT.
- 42% cite cost containment as the leading reason for re-evaluating processes.
- Reclaimable VAT increases by 75% on average after switching to SAP Concur.
- Electronic receipts and cloud technology simplify VAT reclaim.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 14 Aug 2026, 08:36
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Research Reveals Nearly Two-Thirds of U.S. Companies Fail to Reclaim VAT from U.S. Travelers (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47