WHY VAT RECOVERY IS IMPORTANT #9

VAT Recovery on Foreign AP insignificant? For 1 of our customers, it took us 1 day to discover $175K in recoverable VAT. The biggest value we provided was not the AP invoices with Foreign VAT for the VAT refund but all the AP invoices that were found with improperly charged VAT and EU invoices that were treated as invoices with Foreign VAT, therefore missing and the local VAT refund and putting themselves at a high compliance risk.


Foreign AP VAT Recovery - a few invoices with a high impact!