From buses and taxis to meals and hotel stays, companies pay VAT on many business expenses during the travel. Global business travel spend is forecast to reach $1.7 trillion by 2022, but many organisations still only recover a fraction of what’s owed to them.
There are 3 main VAT deadlines throughout the year that companies looking to reclaim VAT on business travel must be aware of.
Source: taxbackinternational.com
