- VAT can be a significant expense for companies, especially those operating internationally.
- Many businesses may be eligible for VAT reclaim in the countries where they do business, which can help reduce their overall tax burden.
- To take advantage of this, businesses should understand VAT regulations, keep accurate records, identify cross-border transactions, stay updated on VAT rates and changes, and seek professional assistance.
- By implementing these strategies, businesses can unlock valuable VAT savings, improve cash flow, and enhance their overall financial performance.
Source Taxually
