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WHO
IS ELIGIBLE?
You
are eligible to claim VAT refunds on certain business
related expenses if you are incorporated in any country
other than the country from which you wish to claim a VAT
refund.
WHICH
EXPENSES ARE ELIGIBLE?
The
chart overleaf outlines some of the current expenses that
are eligible. This includes expenses incurred on hotels,
meals, professional fees, car rentals, trade fairs,
training courses etc. enables you to reclaim expenses
incurred in the past on a retroactive basis.
Current
legislation in the E.U. enables an applicant to claim VAT
refunds up to six months after the end of the financial
year in which the expenses were incurred. In some cases,
it may be possible to submit retrospective claims for VAT
refunds. Thus, potential exists for a sizeable initial
claim.
WHAT
DOES AVR DO?
| Is a global organization dedicated to the task of
providing assistance to companies wishing to
reclaim Value Added Tax (VAT) paid on business
expenditure. As your appointed VAT Reclaim Agent, will: |
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Determine
your firm's eligibility to reclaim VAT. |
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•
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Review
and organize all original receipts to assess the
extent of your potential VAT refund. |
| • |
Where
possible, obtain replacements of missing or
incorrectly styled invoices. |
| • |
Advise
and assist in setting up internal procedures
compatible with existing policies, thus enabling
your company |
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to
maximize its future VAT reclamation. |
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File
all necessary documentation to ensure your
company's continued eligibility for VAT refunds. |
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Recover
VAT from all E.U. member states as well as several
other countries on behalf of non-resident
companies. |
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Collect
your invoices through our retrieval service,
simplifying your task and ensuring valuable
invoices are not missed. |
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Assist
you with other international VAT enquiries. |
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Process
all claims and deal with any questions VAT
authorities may raise. |
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Provide
quarterly statements detailing the status of your
company's application and refunds. |
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Receive
your refund and forward it to you in the currency
of your choice/ net of contingent fees. |
HOW
DOES IT WORK?
All
claims for refunds must be supported by original receipts
for the business related expenses. will work with your
company to establish a method for receipt retrieval that
is compatible with your company's existing procedures.
These receipts along with the necessary documentation will
be filed by with the respective authorities. VAT
authorities can take up to six months to review a claim.
When your claim has been processed, the original invoices
will be returned to you.
AVR will send you a payment net of their fee promptly,
after receipt of the refund. Payment will be made in the
currency of your choice.
HOW
MUCH DO YOU PAY?
No
refund, no charge.
AVRC
charges a fee contingent on successful refunds only. There
is no processing fee for work done in the preparation of
your VAT refund application. If your application is
unsuccessful, your company will not be liable for any fee
or expenses.
HOW
TO OBTAIN YOUR REFUND?
AVRC
makes the application process simple for your company. You
need to file only two documents at the outset and one
document annually to become eligible for VAT Refund.
takes care of all the other necessary paperwork on your
behalf.
INITIAL
REQUIREMENT -
•
Application Form.
•
Letter of Authority (Addressed to each country in which
you intend to reclaim VAT on your Co. letterhead)
ANNUAL
REQUIREMENT -
STATUS
(TAX) CERTIFICATE or letter issued by the local tax
authorities must be filed in every country from which you
wish to claim a refund. This is a simple certificate that
states only the name, address and permanent account number
of the company.
DEADLINES
FOR FILING CLAIMS -
Current
legislation enables an applicant to file a claim within
the following periods.
Period
Cut Off Date
United
Kingdom
from July 1 through June 30
December 31
All
other countries from Jan 1
through December 31
June 30
WHAT
TIME PERIODS CAN YOU RECLAIM FOR?
Every
country permits you to file a claim within six months of
the end of their financial year.
Netherlands
permits you to go back for a period of four years.
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