Value Added Tax (VAT) is a consumption tax of up to 25% that is levied on both goods and services in most countries around the world. The national tax systems of Europe, Japan, and Australia and others often allow for a refund of VAT to non-resident business entities worldwide. For VAT claims that are not Travel and Entertainment expenses, registration for VAT may sometimes be required prior to the transactions in order to get a refund. The Frequently Asked Questions section gives you an overview of VAT and the VAT Reclaim Rate section explains the current VAT rates and the local name for VAT in different countries.
There is generally no reason VAT paid in Europe, Japan, and Australia should be absorbed as a cost by your company. Euro VAT Refund, Inc. can help you reclaim your VAT and produce a positive result on your bottom line.
You can find a summary example of how VAT “works” here.