Unlocking VAT Reclaim: How VAT IT and Navan Simplify Complex Global Tax Recovery for Businesses

• Companies lose billions annually due to unclaimed VAT from travel expenses because the reclaim process is complex and rules frequently change.
• Two-thirds of companies either skip VAT reclaim or recover only a fraction of what they’re owed.
• Automated solutions like VAT IT and Navan simplify VAT reclaim by integrating expense data and specialized expertise, ensuring companies recover all eligible VAT.
• Effective VAT reclaim requires capturing 100% of travel and expense data, detailed transaction context, and compliance with varying country regulations.

Source: 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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