Europ­car and Taxeo Team Up To Speed VAT Re­cov­ery

Business Traveler (USA) - - UPFRONT -

Whether rent­ing a car or book­ing a ho­tel, busi­ness travel in Europe in­curs VAT costs. Euro­pean car rental provider Europ­car and Taxeo, a provider of pa­per­less VAT re­fund ser­vices, have en­tered into a part­ner­ship which al­lows their mu­tual clients to re­claim VAT more quickly and eas­ily ac­cord­ing to lo­cal laws. Taxeo re­ceives elec­tronic in­voice data from Europ­car and cre­ates tax-com­pli­ant elec­tronic in­voices that are used for VAT re­cov­ery. The re­sult will give Europ­car Cor­po­rate cus­tomers an op­por­tu­nity for sig­nif­i­cant sav­ings. Ev­ery year com­pa­nies lose out on 5 bil­lion VAT in­curred on in­ter­na­tional travel. The Taxeo so­lu­tion is de­signed to stream­line to­day’s man­ual pa­per-based VAT re­cov­ery process. For de­tails visit taxeo.com.

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