Global VAT Recovery for International Trade
TecEx’s global VAT compliance service offers a seamless DDP solution and a full, end-to-end VAT reclaim solution in over 117 countries.
Global VAT Recovery for International Trade
Global VAT Recovery for International Trade
TecEx’s global VAT compliance service offers a seamless DDP solution and a full, end-to-end VAT reclaim solution in over 117 countries.
Import tax rates for tech gear can average around 25%, and this is a significant portion of your budget can become a sunk cost if the import declarations and customs clearance process is handled incorrectly. This can prevent the VAT from being covered.
So, why lose out on what is owed to you?
Ensure your import allows for a full VAT recovery.
An OECD study showed that nearly 21% of businesses were unable to recover any of their cross-border VAT incurred on business expenditures. In this volatile environment, no company can afford to forgo this financial opportunity.
VAT Recovery
Filing for VAT recovery can be a complex and extensive procedure.
Regulations vary according to country, commodity, and transaction – all resulting in differing rates and rules.
Discover the tax rates for your specific import destination on our country capability page. For precise quotes tailored to your shipment, utilize our quoting portal on the TecEx App.
When imports are not structured in the right manner, the VAT will become a sunk cost. TecEx’s solution takes into consideration both IOR and the VAT recovery element, ensuring a streamlined process for VAT recovery.
Global VAT Compliance Benefits
Our in-depth knowledge of country-specific regulations ensures that we can provide the ultimate global VAT compliance service offering:
- No risk of jail time or financial penalties for misdeclarations and non-compliance
- Prevention of goods seized by customs
- Time and resource savings through efficient management.
- Improved cash flow by avoiding upfront tax costs.
- Customizable service to tailor your needs.
- Seamless IOR service and streamlined customs clearance.
- Regulatory compliance and efficient shipping and delivery of your goods.
- In some locations, we can enable VAT deferment allowing no need for reclaim thus improving cash flow
There are numerous countries where TecEx can offer our clients upfront VAT savings and/or recovery solutions, which means they can save up to 25% of the hardware value on imports.
Why Would You Need This Global VAT Solution
TecEx can advise on the most efficient VAT structuring process. Our VAT experts will ensure the most efficient recovery and structuring of your transactions.
TecEx can also ensure that any further VAT registrations for our clients are applied for, together with managing all legally required VAT filings correctly, intracommunity reporting requirements (when moving from one EU country to another), and properly reflecting title and ownership in the correct client entity’s name.
Global VAT Compliance Service Use Cases
| The European Union | Australia | Norway |
|---|---|---|
| TecEx facilitated significant VAT savings by providing global VAT compliance services to a global cloud provider that imported networking equipment into a data center in the Netherlands. | An end-user client contacted TecEx to send equipment from the UK to Australia. By being involved from the beginning, we structured the deployment to facilitate reclaiming GST. | Our client bought goods from a U.S. integrator for import to a PoP in Norway. Norway has a high 25% tax rate on tech goods, we managed to reclaim the VAT for our client. |
The Ultimate VAT Recovery Solution
Avoid sunk VAT costs with TecEx.
We work alongside you to ensure the deployment is correctly structured, manage the entire project from pick up to final delivery, and submit your VAT claims on your behalf—a full trade solution.