MasterCard offers VAT recovery service

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.

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