In dealing with the economic crisis caused by the Covid-19 pandemic, companies are in need of new sources of revenue. VAT recovery is a very efficient but often neglected way to generate that revenue. Taxback International, a company based in Ireland and specializing in tax services, is offering companies a free evaluation on the potential for VAT recovery while guaranteeing compliance.
Increase cash flow by recovering VAT
“VAT can account for up to 21% in the Netherlands and Belgium and 17% in Luxembourg of a company’s expenses. Reclaiming local and foreign VAT/TVA is a strategic way of bringing in cash quickly, especially in a context of economic crisis. Using Taxback International’s cutting edge technology you can open up doors to revenue streams you never thought you had. Clients are astounded when we present our solution on how we can recover so much for them. The biggest question they ask, “why haven’t we done this sooner?” explains Mag Swan, Regional Sales Manager for the Benelux region at Irish company Taxback International.
Taxback International is offering a free evaluation to help as many companies as possible optimize their cash flow and bypass financial hardships. By highlighting the new revenue that can be generated from VAT recovery, the free evaluation allows companies to see if it makes economic sense for their business.
“Once the audit has been carried out, companies who wish to do so can provide us with their expense files and apply for refunds from the tax authorities. This process is carried out without any initial cost commitment on the part of the companies since our business model is based on success fees” explains Mag Swan.
Taxback International’s VAT refund solution also applies to one of the most complex parts of business accounting–travel expenses abroad. With the VAT refund solution, companies can delegate that responsibility to tax experts who have thorough knowledge of the tax rules and regulations in more than 126 countries.
Companies of all sizes, from SMEs to large accounts, can take advantage of the free evaluation. And because it operates retroactively, it is possible to obtain a VAT refund on invoices dating back up to 5 years in The Netherlands and Luxembourg, 3 years in Belgium and up to 6 years in some countries. In addition to providing Taxback International with its expense report files, a company can also integrate the solution directly into its expense management software (EMS). If a company chooses to integrate the solution a training service and presentation of the tool are also offered.
Expertise and customer satisfaction: the keys to Taxback International’s success
Founded in 1996 by the Irish group Taxback, Taxback International is now present in 32 countries. This success is based both on a highly experienced team of tax experts, who have in-depth knowledge of European and non-European VAT laws and regulations and a very high level of customer satisfaction. Through their Continuous Improvement program, they help companies to increase their refund year on year.
“At Taxback International, customer satisfaction is our top priority. We guarantee all our clients the highest possible VAT refund. “says Mag Swan.
Every month Taxback International circulates a VAT newsletter, which summarizes changes to VAT rules and regulations across the globe. Companies who are interested in receiving this free newsletter every month can subscribe here.
To find out more about Taxback International and to benefit from a free evaluation of your VAT recovery potential, click here.