Every year, your company may be leaving hundreds of thousands of dollars on the table. If your travelers spend
any time in Europe, Canada, or Asia/Pacific, VAT taxes can add nearly 20 percent to your travel expenses. You’re
entitled to a rebate on that money but, if you’re like many corporations, the hassles of country-by-country regulations,
documentation, and filing is just too big a hurdle to leap.Gelco Expense Management can help you get that money back. Through our new partnership with Corporate VAT Management, one of the leaders in VAT reclamation analysis services, we can make it easy to take that money off the table.
Easy and Automated
Most of the current crop of VAT solutions handles VAT reclamation with a team of auditors that descends on a company’s file cabinets and sifts through travel receipts. Not the Gelco Expense Management and Corporate VAT partnership. This joint offering is a truly automated solution that offloads the task from you and manages it completely. You simply send in your receipts and we team up to take care of the rest.
The Gelco/Corporate VAT service ensures you get the maximum VAT rebate you deserve—without all the hassles. This hassle-free solution does it all. From analyzing your international travel expense reports to completing the required documentation and sending you the rebate check. Your VAT rebate helps you lower your international travel costs and get a higher return on that travel. And you don’t have to dedicate any resources to the laborious reclamation process.
Completely Hassle-Free
The entire process is incredibly easy. You no longer have to track the country-based regulations, documentation, and filing periods. When your traveler returns from an international trip, they submit their expense report and the appropriate receipts. We take the process from there. Gelco Expense Management collects and images the receipts, linking them to the original expense report. The travel expense data is then forwarded to Corporate VAT where they analyze the report using their highly touted autoVAT analysis software to identify and flag the VAT-eligible expenses. Gelco then forwards the related receipts to Corporate VAT so they can complete the VAT reclamation documentation required for each country.
Each country has its own reclamation regulations and filing period. For instance, Great Britain only allows claims to be made once per year. Based on these per-country regulations and deadlines, Corporate VAT compiles and holds the documentation until the correct filing period then sends it to the tax ministry. When the tax ministry returns the VAT rebate, Corporate VAT gets your money back to you.
In David Copperfield, Charles Dickens once wrote that “it was as true as taxes is. And nothing is truer than them.” With Gelco Expense Management and Corporate VAT, your VAT rebate can be just as certain.
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The new ExpenseLink—a travel administrator’s dream come true |
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© 2003 Gelco Expense Management All rights reserved.
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