A Master Class in Sales Tax Recovery for Higher Education
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For universities facing budgetary pressures, sales tax recovery offers a tool to close funding gaps without cutting staff or programs. The service leverages SAP Concur platform integration to automatically identify qualifying transactions and handle the recovery process.
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- SAP Concur BlogA Master Class in Sales Tax Recovery for Higher Education
A SAP Concur blog post introduces Taxback International's sales tax recovery service for higher education institutions. Many universities and colleges leave hundreds of thousands of dollars on the table each year by not fully utilizing sales tax exemptions. Taxback International leveraged its VAT recovery experience, internal audit expertise, and integrations with SAP Concur solutions to develop a sales tax recovery service. In a pilot, a large university recovered $150,000 in sales taxes without expending resources or staff time. Taxback also provided reporting data to help the university improve its front-end processes.