- Companies lose billions annually in unclaimed VAT from travel expenses due to a lack of awareness and the complexities of the refund process, with two-thirds of businesses either not pursuing VAT reclaims or only capturing a small fraction of what they are owed.
- The VAT recovery process is complicated by varying legislation across countries regarding eligible expenses, recovery rates, and documentation, leading many finance teams to struggle with manual efforts that are often inefficient and prone to error.
- By integrating Navan’s expense data with VAT IT’s expertise, businesses can streamline the VAT reclaim process, ensuring that all eligible VAT is recovered efficiently, as demonstrated by the $300 million reclaimed for clients in 2025 through this partnership.
Source VAT IT
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