EXPENSEFLO VAT RECLAIM

MAXIMISE VAT RECLAIM ON FOREIGN AND LOCAL BUSINESS EXPENSES

MAXIMISE VAT RECLAIM

Most clients combine our Expenseflo Audit service with Expensflo VAT. This service is a specialized VAT reclaim service that maximizes the reclaim of both local and foreign T&E VAT.  

When reclaiming both foreign and local VAT on travel expenses it is important to take the legislation and requirements of each claim country into consideration to guarantee accuracy and compliance. The sole reliance on technology to calculate VAT claims will lead to over-claims.  Legislation and requirements vary from jurisdiction to jurisdiction. 

The following are examples of some of the many legislative requirements that necessitate further  verification to ensure accuracy.

  • Incorrect name and address – it is a requirement in most jurisdictions to have the correct company name and address on the invoice – not just that of the employee.
  • Non-deductible expenses – each invoice may contain a number of different line items representing goods and services purchased, some of which might not be claimable.
  • Pro-forma statements or copy invoices – these may be sufficient to reimburse an expense but they are not valid for VAT reclaim.  

TOP 10 TIPS TO HELP YOUR EMPLOYEES COMPLY TO YOUR TRAVEL AND EXPENSE POLICY

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