VAT Reclaim

You don’t have to know everything there is about VAT. You just need to master the essential requirements – and we’re here to help you.

Why reclaim VAT?

In 2018 the Gulf Cooperation Council (GCC) introduced VAT (Value Added Tax) for all business that operates within its regions. Currently set at 5% this tax is paid on all eligible business transactions that take place.

Did you know that you can reclaim VAT paid on goods and services bought for business use, including travel and expense? This is an opportunity to reduce business costs and put money back in your budget.

SAP Concur can help you successfully reclaim VAT on purchases related to business travel and expense.

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What you need for an accurate reclaim

VAT is recoverable in more than 40 countries around the world. Each country has different rules and approaches, making VAT compliance and reclaim a complex process. By having a comprehensive policy in place, you can set out what can be claimed for and how to go about it.

By auditing 100% of your expense claims against information given by employees, receipt images and your internal policies you can increase compliance. SAP Concur Audit service can help you identify where VAT is waiting to be reclaimed.

Audit services

Expert help from our tax partners

SAP Concur work with a range of global tax partners that specialise in VAT reclaim. These partners have expertise in both foreign and domestic reclaim and can use your SAP Concur data to identify any eligible VAT reimbursement.

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SAP Concur and our tax partners can maximise VAT reclaim

Identify your partner

SAP Concur have partnerships with a range of global tax specialists to help you navigate the complex process of VAT recovery no matter where in the world.

Seizing the VAT opportunity

By sharing your SAP Concur travel and expense data with your chosen partner, they can analyses your spending to maximise reclaim. They can identify and recover VAT that might otherwise be lost, both domestically and internationally.

Reclaim eligible VAT

Millions are being lost by companies across the world failing to reclaim the VAT available to them. With the introduction of VAT by the GCC this adds another level of complexity for your business. SAP Concur tax partners can manage the reclaim process on your behalf, ensuring you receive maximum refund that is compliant.

If you’re ready to reclaim VAT across your travel and expense spend, get in touch with SAP Concur today. We’ll help you find the right partner, and the right data, to make the most of the opportunity.

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