- VAT reclaim can be a significant revenue stream for businesses in 2024
- There are two types of VAT reclaim: domestic and international
- Administering VAT processes is important to maximize potential and avoid penalties
- Each country has its own VAT regulations and requirements
- Businesses must be informed about local VAT processes in order to claim foreign VAT
- Eligible expenses for VAT reclaims vary depending on industry and country
Source: way2vat.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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