Claiming VAT refund asks for planning
VAT refund compliance starts long before you submit your VAT refund application. In fact it begins at the first moment you purchase goods or services in another country or when you perform activities in another country. In both situations you need to ask yourself whether your company will be in a refund position or rather in a VAT liability position. A foreign company needs to have a policy in place for determining it's foreign VAT position(s) or for handling foreign VAT.
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Screenplay for VAT refund
Foreign companies that want an efficient and effective in-house policy for capturing refundable VAT should consider to implement a clear but concise written instruction for staff. Help needed? Contact us!
Tools for tracking your paid VAT
Save time and unrecoverable VAT by using tools for tracking your refundable VAT. Provided kept up-to-date regularly, you have your overview of all relevant information immediately available.