Taxback International helps companies create cash flow despite the negative impact of Covid-19

In the wake of the worldwide economic crisis caused by the Covid-19 pandemic, companies are in real need of new streams of revenue. An efficient but largely overlooked way to do this is through VAT recovery. Ireland based company Taxback International, specializes in tax services, and is uniquely prepared to handle such a crisis by offering companies free evaluations of their potential for VAT recovery with a guarantee of compliance.

Kilkenny, Ireland – WEBWIRE – Monday, June 29, 2020

Recovering VAT to increase cash flow

“If you look at the numbers, VAT can account for up to 21% in the Netherlands and Belgium and 17% in Luxembourg of a company’s expenses. Reclaiming local and foreign VAT/TVA is a strategic way of bringing in cash quickly, especially in a context of economic crisis. Using Taxback International’s cutting edge technology you can open up doors to revenue streams you never thought you had. Clients are astounded when we present our solution on how we can recover so much for them. The biggest question they ask, “why haven’t we done this sooner?” explains Mag Swan, Regional Sales Manager for the Benelux region at Irish company Taxback International.

In an effort to help as many companies as possible optimize their revenue flow and avoid financial complications, Taxback International is offering a free evaluation to all companies. With the free evaluation, companies can get a preview of the new revenue it is possible to generate from VAT recovery and make an informed decision on whether or not it makes economic sense to proceed with that strategy.

”Once the audit has been carried out, companies who wish to do so can provide us with their expense files and apply for refunds from the tax authorities. This process is carried out without any initial cost commitment on the part of the companies since our business model is based on success fees,“ explains Mag Swan.

Taxback International’s VAT refund solution also applies to travel expenses abroad. This enables companies to delegate the often extremely complex recovery process to tax experts who have thorough knowledge of the tax rules and regulations in more than 126 countries.

The free evaluation is open to companies of all sizes, from SMEs to large accounts. It also operates retroactively making it possible to obtain a VAT refund on invoices dating back up to 5 years in The Netherlands and Luxembourg, 3 years in Belgium and up to 6 years in some countries. Not only can a company can provide Taxback International with its expense report files, but can also integrate the solution directly into its expense management software (EMS). With this option a training service and presentation of the tool are also offered.

Expertise and customer satisfaction: the keys to Taxback International’s success

Founded in 1996 by the Irish group Taxback, Taxback International is now present in 32 countries. This success is based both on a highly experienced team of tax experts, who have in-depth knowledge of European and non-European VAT laws and regulations and a very high level of customer satisfaction. Through their Continuous Improvement programme, they help companies to increase their refund year on year.

“At Taxback International, customer satisfaction is our top priority. We guarantee all our clients the highest possible VAT refund,” says Mag Swan.

Every month Taxback International circulates a VAT newsletter, which summarizes changes to VAT rules and regulations across the globe. Companies who are interested in receiving this free newsletter every month can subscribe here.

To find out more about Taxback International and to benefit from a free evaluation of your VAT recovery potential, click here.