MasterCard offers VAT recovery service
KPMG helped develop best practice guide
Credit card giant MasterCard has
launched a VAT recovery service, which will allow large and small business to
recover the duty paid in 36 countries.
Called ‘VATrecovery’, businesses can recover up to 100% of the eligible
domestic and foreign VAT they incur.
A VAT Best Practice Guide has been developed with
KPMG providing practical tips and advice
about how to maximize VAT recovery.
The service allows commercial cardholders to see, on a real-time basis, how
much VAT they have paid as part of their card spending as well as an estimate of
how much they are entitled to recover.