The automotive industry is one of the world’s largest by revenue. So, it may come as a surprise that many companies within the automotive industry are losing millions of euros each year in unclaimed or rejected VAT refunds. Along with the large business scope within the automotive industry, there is a vast reclaim landscape regarding value-added tax (VAT). However, due to complex global supply chains and ever-changing VAT legislation, the VAT reclaim process is often resource intensive and time-consuming.
Thankfully, although these challenges exist – so do we.
With VAT IT reclaim in the driver’s seat, your business can effortlessly reclaim VAT on high-value local and international expenses. Navigate your multinational, cross-border tax strategy and ensure you recover the VAT that’s rightfully yours, improve operations, and optimize your supply chain.
The first step? Understanding how VAT impacts your business and how to uncover the hidden VAT reclaim opportunities within your organization and maximize your VAT potential.
Source: vatit.com
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