VAT Recovery Services
For companies that wish to maximize their VAT refund potential through outsourced VAT reclamation services, autoVAT provides three recovery options:
Agency Services
- Standard VAT Processing Service
On a quarterly basis we analyze our clients' corporate expense data and produce Invoice Collection Lists. These lists identify invoices that contain recoverable VAT and are economically viable to retrieve and submit for reclamation. Our clients use these lists to collect expense documentation and then forward it to autoVAT for reclamation processing.
- Full-service (on-site) VAT Processing Service
autoVAT staff travel to our clients' premises and perform the document collection activity. An added benefit of this service is our ability to map the items identified on the Invoice Collection List to the location of the documents, greatly reducing the typical disruption associated with document collection.
All Agency Services include:
- VAT Opportunity Reports to quantify VAT exposure
- Invoice Collection Lists to expedite document collection
- Automated VAT reclamation processing using autoVAT
- Submission of applications to tax ministries and management of all correspondence with tax authorities
- Recovery of VAT incorrectly charged by vendors
- Increased VAT recovery through pursuit of missing VAT documents
- Automated quarterly refund tracking reports
Non-Agency Services
For companies that prefer to take a more active role in the VAT recovery process in return for lower commission rates, we also provide a Non-Agency offering.
- VAT Application Preparation Service
If an electronic data source is available, we will create an Invoice Collection List to assist with the collection of expense documentation, which is forwarded to autoVAT.
autoVAT then creates VAT refund applications and provides these to our clients for submission to the appropriate tax authority, along with detailed instructions for submission. VAT refunds are then received directly by our clients.
All Non-Agency Services include:
- VAT Opportunity Reports to quantify VAT exposure
- Invoice Collection Lists to expedite document collection
- Automated creation of reclaim applications using autoVAT
- Provision of detailed instructions on how to submit the applications
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