Covid-19 has had an adverse financial impact on companies globally but Taxback International is helping firms generate new revenue while guaranteeing compliance

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Successfully tackling the economic crisis caused by the Covid-19 pandemic means companies now, more than ever, need to generate new revenue. A very efficient and yet often overlooked way to do this is VAT recovery. Taxback International, an Irish company specializing in tax services, has mobilized during the crisis to offer companies free evaluations of their potential for VAT recovery.

Optimize cash flow by recovering VAT

“In the Netherlands and Belgium VAT can account for up to 21% of a company's expenses and 17% in Luxembourg. Reclaiming local and foreign VAT/TVA is a strategic way of bringing in cash quickly, especially in a context of economic crisis. Using Taxback International's cutting edge technology you can open up revenue streams you never thought you had. Clients are astounded when we present our solution on how we can recover so much for them. The biggest question they ask is, “why haven't we done this sooner?” explains Mag Swan, Regional Sales Manager for the Benelux region at Taxback International.

In order to help as many companies as possible head off financial difficulties and optimize their cash flow, Taxback International is offering a free evaluation to all companies. Businesses can use the free evaluation to reveal any new revenue that may be generated from VAT reclaim, allowing them to know upfront if it makes good economic sense to proceed with recovering VAT.

“Once the audit has been carried out, companies who wish to do so can provide us with their expense files and apply for refunds from the tax authorities. This process is carried out without any initial cost commitment on the part of the companies since our business model is based on success fees,” explains Mag Swan.

Accounting for travel expenses abroad can be complicated but is covered by Taxback International's VAT refund solution. Taxback International’s tax experts have a thorough knowledge of the tax rules and regulations in more than 126 countries enabling companies to delegate the often extremely complex recovery process to the specialists.

Free evaluation is open to companies of all sizes, from SMEs to large accounts, and operates retroactively making it possible to obtain a VAT refund on invoices dating back up to 5 years in The Netherlands and Luxembourg, 3 years in Belgium and up to 6 years in some countries. Taxback International is flexible. A company can provide its expense report files and also integrate the solution directly into its expense management software (EMS). A training service and presentation of the tool is also offered.

Expertise and customer satisfaction: the keys to Taxback International's success

Founded in 1996 by the Irish group Taxback, Taxback International is now present in 32 countries. This success is based both on a highly experienced team of tax experts, who have in-depth knowledge of European and non-European VAT laws and regulations and a very high level of customer satisfaction. Through their Continuous Improvement programme, they help companies to increase their refund year on year.

“At Taxback International, customer satisfaction is our top priority. We guarantee all our clients the highest possible VAT refund,” says Mag Swan.

Every month Taxback International circulates a VAT newsletter, which summarizes changes to VAT rules and regulations across the globe. Companies who are interested in receiving this free newsletter every month can subscribe by visiting the Taxback International website.

To find out more about Taxback International and to benefit from a free evaluation of your VAT recovery potential, click the link below.

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