How to Reclaim International Value-Added Tax (VAT)
SAP Concur's blog covers key points of international VAT reclaim. It notes that VAT is recoverable in about 30 countries, with the EU having refund procedures. Businesses must be aware of strict time limits and are advised to use technology to automate invoice capture to improve success.
Impact and considerations
Helps businesses understand international VAT reclaim rules to avoid losses.
Key points
- VAT is recoverable in about 30 countries.
- The EU has foreign VAT refund procedures.
- Claims are often made within a year after expense incurred.
- Automating invoice capture improves recovery.
- 42% of employee expense transactions fail to meet VAT reclaim requirements.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 9 May 2024, 19:08
- Page published
- 14 Aug 2026, 08:15
- Last updated
- 9 May 2024, 19:08
- Original links
- SAP Concur Blog：How to Reclaim International Value-Added Tax (VAT) (opens in a new tab)Primary source · en · Published 9 May 2024, 19:08