VAT (value added tax) paid on the purchase of goods and services abroad should not be considered lost because it can be reclaimed from the foreign authorities. However, applying for VAT refund across Europe poses a number of challenges. First, language can be a costly barrier while communicating with tax authorities, and the time-consuming and complicated nature of the refund process also means a high risk of mistakes, which equals: no money refunded.
This is why many companies appoint a specialized service provider like NIKOSAX to handle the VAT refund process on their behalf. Due to our longstanding experience in the management of VAT claims, we have extensive knowledge and the most recent information on all relevant legislation.
NIKOSAX makes reclaiming VAT from all EU countries and selected non-EU countries seamless and convenient for your firm so that you can focus on your core business.