International collaborations on research and development can bring companies a wealth of knowledge and resources. Yet, despite their significant benefits, they often come paired with a plethora of complex VAT regulations and reclaim processes.
So much so, that many organisations that carry out international R&D consider most expenses as part and parcel of R&D rather than having to navigate the reclaim process. However, in an increasingly competitive and global business environment, organisations can no longer afford to leave significant savings unrecovered.
Source VATit
