- VAT reclaim can be complicated, time-consuming, and resource-intensive
- Consulting firms can reclaim VAT on business-related expenses
- VAT can be recovered domestically and internationally
- There are hidden costs in the consulting industry that are eligible for VAT recovery
- Consulting industries struggle to recover VAT due to unawareness, stretched finance teams, incorrect invoicing instructions, and changing legislation.
Source: blog.vatit.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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