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Benefits - Recovery Services

Features of Technology-Enhanced VAT Recovery

  

The recovery of foreign VAT has traditionally entailed a labor intensive review of expense reports for international expenses, the manually review of these expenses to determine recoverability, and then the manual tabulation of VAT for inclusion in a reclamation application.

autoVAT technology improves this process in several ways:



Area

Recovery with CVM

Traditional Recovery

Quantifies VAT refund opportunity

 

Identifies high-value VAT invoices

 

Reduces number of invoices necessary for successful VAT recovery

 

Provides on-site invoice retrieval services

 

Offers reformatting services for invalid invoices

 

Offers reissuing services for missing invoices

 

Processes invoices and creates refund applications

 

Serves as liaison with tax ministries

 

Provides automated, quarterly refund tracking reports


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