Case Study
Mitigated compliance risk and tripled VAT recovery
We r e c o ve r e d objective Maximise VAT recovery, while addressing imminent audit challenges. MO RE V A T th a n th e c o m p e ti ti o n Case study Mitiga ted c om p l i a nc e risk a n d tr i p l ed V A T recovery 3XChallenge A global Fortune 200 manufacturing company was struggling with the T&E VAT recovery process. The company was using a TES solution to determine the domestic VAT on the T&E expenses and the foreign VAT recovery was outsourced. For the foreign VAT recovery a well-established professional third party was assigned to review and claim all foreign VAT on T&E expenses. However, for multiple years the foreign VAT refund remained outdated, which meant only a fifth of the potential was being recovered. Despite various attempts to work with its third party to unders