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How to Reclaim More VAT on Corporate Travel Expenses
1reports1reporting sources2022-06-29Update
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For multinational companies, VAT recovery is a significant cost-saving opportunity in travel expense management. The automation solutions and case data provided in the article can help businesses evaluate their VAT recovery strategies, reduce tax compliance risks, and improve financial returns.
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6月29日
- SAP Concur BlogHow to Reclaim More VAT on Corporate Travel Expenses
SAP Concur blog post discusses VAT recovery on corporate travel expenses. It cites GBTA data that over 480 million business trips are taken annually and notes a €137 billion VAT gap in the EU. The article recommends using automation and digitalization to improve VAT compliance and recovery efficiency, citing examples of Electrolux and Citrix Systems achieving significant VAT recovery increases through automation.