Companies that operate internationally, but
- do not provide services subject to VAT in the respective country,
- but procure goods or services there to transact their business, which are invoiced with up to 27% foreign VAT,
generally have the right to a VAT refund in what is known as an input tax refund procedure.
A prerequisite is that the company has the right to domestic input tax deductions in its country of domicile. In addition, EU directives and bilateral double taxation agreements regulate the products and services for which VAT is fully or partially refundable. Our service provider Nikosax will manage the entire process for you using a power of attorney.