The Hidden Potential of VAT Reclaim

active business desk
Levied by more than 160 countries, Value Added Tax (VAT) is one of the most common forms of taxation in the world. VAT is applied at every step of the manufacturing and supply chain – and collected by organizations on behalf of the government. But in most cases organizations are also entitled to recover VAT charged by suppliers to avoid accumulation. And this quickly adds up. It’s estimated that the global market potential for VAT reclamation alone is $74.9 billion. In that case, why does 54% of eligible VAT go unclaimed by organizations? The answer is simple: complexity. Download this whitepaper to uncover the hidden potential of VAT.