15 Aug Prestige can help you reclaim your Value Added Tax on travel to EU/UK/Australia and Japan
Prestige Global Meeting Source has another fantastic service to provide to our clients with international travel business: VAT IT – Getting Money Back from the EU/UK/Australia & Japan.
Prestige has partnered with VAT IT to assist our clients in reclaiming the Value Added Tax (VAT) for meetings held in certain international locations.
- An estimated $7 billion in Value Added Tax (VAT) refunds for Meetings and Incentive travel (MICE) is left unclaimed by businesses each year!
- Value Added Tax (VAT) reclaim applies mainly to business travel done in European countries as well as select countries like Australia, Japan and Canada.
- Value Added Tax (VAT) could often be reclaimed on incentive travel programs, meetings and events, conferences and educational programs.
- Value Added Tax (VAT) refunds may amount to as much as 25% of the program’s cost.
VAT IT has nearly 20 years’ experience in Value Added Tax (VAT) claims. With no up-front cost to engage with VAT IT, the team of experts take care of the complex process of reclaim in each local country. Your Prestige Sales Representative can assist with this process to make the connection and help you get started in reclaiming your company’s Value Added Tax in EU/UK/Australia & Japan.
Retaining a portion of the reclaimed tax is how VAT IT is paid. This will maximize the total refund amount and is in both parties best interest.