The partnership will give GlobalStar access to products and services supplied by VAT IT
VAT reclaim specialists VAT IT have joined with GlobalStar Travel Management to offer VAT reclamation services, helping businesses navigate VAT recovery and compliance for travelling employees.
The partnership will give GlobalStar access to products and services supplied by VAT IT, to help them to deliver savings. Companies can save up to 25 percent of their travel and entertainment spend, the company said. VAT can be reclaimed on employee expenses and their travel throughout UK, Europe, Canada, Australia, South Korea, New Zealand, Switzerland, Taiwan and Japan.
The qualifying laws and application procedures required are elaborate and vary from region to region. It is time-consuming to submit applications to the relevant tax authorities, and often language barriers make this even more difficult. Additionally, in order to get the full tax rebate benefit, companies need to devote significant time, money and human capital. The partnership with VAT IT will allow GlobalStar clients to access to VAT IT’s knowledge, experience and innovation to maximise VAT savings.
“This is a key partnership for VAT IT,” said Sophia Sophos, managing director of VAT IT USA. “We’re always trying to help as many businesses claim what’s rightfully theirs and we believe a partnership with GlobalStar will help spread awareness that this foreign VAT can actually be recovered.”
Steve Hartwell, president of GlobalStar added: “VAT reclaim is often looked and the money is lost, but though our partnership with VAT IT we are able to add a valuable service to our clients—driving deeper savings and program optimization.”