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Electrolux Increases VAT Recovery with Concur Expense and Taxback International
1reports1reporting sources2022-06-29Update
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The case study demonstrates the practical financial benefits of automated VAT recovery tools in multinational corporate travel expense management, offering reference value for companies seeking to optimize global tax compliance and cost savings.
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6月29日
- SAP Concur BlogElectrolux Increases VAT Recovery with Concur Expense and Taxback International
SAP Concur published a customer case study on how Electrolux increased VAT recovery using Concur Expense and Taxback International. Electrolux uses Concur Expense in 42 countries with roughly 9,000 business travelers. Through Taxback International analysis, Electrolux found it was only reclaiming about 8% of VAT paid, around €30,000. After activating the app, first-year VAT recovery tripled to nearly €100,000, and current annual recovery is approaching €400,000.