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Research Reveals Nearly Two-Thirds of U.S. Companies Fail to Reclaim VAT from U.S. Travelers

1reports1reporting sources2022-06-29Update

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For finance and travel managers at U.S. companies, understanding the challenges of VAT reclaim and the potential returns of automated solutions can help improve cash flow and compliance.

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6月29日
  1. SAP Concur Blog
    Research Reveals Nearly Two-Thirds of U.S. Companies Fail to Reclaim VAT from U.S. Travelers

    SAP Concur research shows 69% of U.S. companies are not confident in reclaiming VAT from U.S. travelers going overseas. Cost containment is the leading reason for re-evaluating processes. Automation and cloud technology can simplify VAT reclaim, with a case study showing a 75% increase in reclaimable VAT.