- Businesses in the accounting industry can reclaim VAT on travel expenses
- It is important to have transparent and accurate accounting processes
- Improve spending visibility to identify eligible expenses
- Stay updated on eligible expenses in different countries to avoid penalties
- Some general recoverable travel expenses include VAT on international meetings, events, and travel costs
- Study local legislation to maximize VAT potential
- Use a centralized VAT solution to streamline the process and save time and resources
Source: blog.vatit.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
