Business travel in European countries is huge and is expected to grow at a steady pace. According to the Global Business Travel Association, business travel spending in 2016 was projected around $211 billion with a projected increase to about $225 billion in the year 2017 – that is an increase of $14 billion in just... Read More
Value Added Tax (VAT), is a type of sales tax levied on goods and services, in a number of countries all over the world. This tax is meant to be paid by the residents of the country in which such tax is levied, but does not extend to those visiting the country for business. Keeping... Read More
Value added tax (VAT) is a multi-stage tax levied on goods and services, with the final burden being paid by the consumer. The amount of VAT levied differs from country to country and product to product and is meant for the residents of that country. As a visitor to a foreign country, you can get... Read More
Did you know that you can recover the VAT you paid on business travel and activities abroad? There are countries in Europe and Asia that refund VAT (value added tax) paid on business travel and activities related expenses. There are several eligibility criteria for reclaims including tax treaties between countries. Given below is a comprehensive... Read More
The United Kingdom (UK) is part of the largest and only constitutional monarchy with a parliamentary system of government, in the world. It is considered a high-income economy, ranking 5th on a list of the world’s largest economies. It was also the world’s first industrialized country. So it stands to reason that the United Kingdom... Read More
