The Hidden Potential of VAT Reclaim

Levied by more than 160 countries, Value Added Tax (VAT) is one of the most common forms of taxation in the world. VAT is applied at every step of the manufacturing and supply chain – and collected by businesses on behalf of the government.

But in most cases business buyers are also entitled to recover VAT charged by suppliers to avoid accumulation. And this quickly adds up. It’s estimated that the global market potential for VAT reclamation alone is €61.7billion ($74.9billion).