Shipping high value, lT equipment to foreign countries and territories can be costly. This is as a result of a number of extra costs incurred such as freight, customs fees, licenses and permits, and most of all, foreign taxes. In most countries, global businesses pay a huge amount of money just on import VAT – absorbing much- needed cashflow.
Yet, by partnering with a strategic foreign tax expert like TecEx, your business can recover almost all import tax costs – saving your business time and money. TecEx will seamlessly recover foreign tax on your behalf, allowing you to focus on doing what you do best. Through our global network, we are able to reclaim a variety for different types of VAT/ GST taxes in over 40 countries worldwide, for example:
This is VAT that is charged on foreign goods upon their arrival in customs. Import VAT is charged on the commercial value of the goods being imported.
Yes, it is. TecEx specialises in recovering import VAT on the deployment of IT equipment.
Duties are specific levies charged on foreign goods upon their arrival in customs. Duties however, are not recoverable.
Efficient tax recovery is in our blood: TecEx is a division of VATIT, the largest cross-border VAT reclaim company in the world. We have strong global relationships with tax authorities and understand the intricacies of their requirements for successful foreign tax reclaims. Our team has the knowledge and expertise to provide you with the most hassle-free service – enabling you to reduce your import costs. Through our global network and team of tax specialists, TecEx will seamlessly recover your foreign taxes, while you focus on doing what you do best.
Many firms do not have the expertise and knowledge on claiming back import VAT. Reclaiming Import VAT is a challenge in each country and the requirements are vastly different – there is no one-size-fits-all approach. TecEx keeps up to date with the specific requirements for successful Import VAT reclaim in over 40 countries. We have the knowledge, expertise and long-lasting relationships that allow us to maximize Import VAT recovery success.
TecEx offers reliable IOR (Importer of Record) services to industry leaders in the technology space through our dedicated team of import compliance specialists. We have the expertise and global network to effectively manage the distribution of high value networking equipment into more than 200 countries and territories around the world. By partnering with us, we will import in a tax-efficient manner that will enable you to maximize your tax recovery where you stand to gain a potential saving between 18-24% of the value of your shipped equipment.
No. TecEx specializes in recovering VAT for businesses through a cross-border / non-resident basis – meaning your company does not have to have a registration in the foreign country to get a VAT reclaim.
If your company incurs expenses in any of the refund countries, you are entitled to a foreign tax refund if you:
However, there may be other circumstances where you are eligible for a tax refund.
Please contact us with your query and we will gladly assist you.
TecEx’s expert team of strategic tax specialists can get instant cash back for you and your business through reclaiming foreign tax.