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Midsize Cos. embrace VAT reclaim.

Publication: Business Travel News
Publication Date: 05-FEB-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Midmarket companies increasingly are reaping financial benefits by reclaiming value-added taxes, as their international travel increases and VAT reclamation technology matures.

Since Europe began refunding VAT to U.S. companies in 1989, the process largely has been to the benefit of larger companies with the means to handle the labor-intensive process, said Britta Eriksson, president of Euro VAT Refund, a firm that specializes in helping North American companies reclaim the taxes.

Now, as automation is...

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