Top Tips for Improving VAT Compliance: 10 actions you can take to protect against audits and penalties, and maximise your profitability

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Did you know?

  • Some countries – including the Czech Republic, Spain, Mexico, Portugal, and Poland among others – require the buyer’s company VAT ID to be on the invoice to be valid for VAT reclaim.

  • In Denmark and some other countries, the amount of VAT eligible for reclaim is dependent on the circumstance.

  • Dining in qualifies for 25% VAT recovery while 100% of catering expenses for office meetings, seminars and so forth can be reclaimed.

  • In Germany, different VAT rates apply for public transportation and taxis within and beyond a trip of 50 km.
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    Provider: SAP Concur Sveavägen   |   Size: 1.86 MB   |   Language: English