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The Hidden Potential of VAT Reclaim

1reports1reporting sources2022-06-29Update

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Businesses must focus on VAT reclaim efficiency, adopting digital tools and clear policies to navigate complex regulations and maximize cash flow.

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6月29日
  1. SAP Concur Blog
    The Hidden Potential of VAT Reclaim

    A survey by SAP Concur of 3,500 European business and finance leaders reveals complex challenges in VAT reclaim. 76% of companies reclaim VAT in up to 10 countries, but the pandemic has caused regulatory changes and reduced reclaimable amounts. Only 14% prioritized reclaiming outstanding VAT. The survey also found that four in ten companies process expense claims slower than before, and nearly half still rely on paper-based evidence.