Value Added Tax (VAT) is a consumption tax on goods and services, and in some countries, you can claim an import VAT refund. Countries like Australia, Japan, Canada, and those in Europe impose VAT.
In this article, we’ll cover when you can apply for a VAT refund and walk you through the process.
Applying for an Import VAT Refund
Foreign companies can qualify for a VAT refund. The rules regarding refunds vary by country. In some countries, you need to register your business with the local government authority before carrying out international trade.
Corporate Entities Entitled to VAT Refunds
Corporate entities are entitled to the import VAT refund on different services such as:
Transportation
Hotel
Tradeshows
Conferences
TV and motion picture production
Seminars
Logistics products
Installation contracts
Marketing services
R&D
Claiming a VAT Refund
To apply for an import VAT refund, you must first register your company with the local tax authority and obtain a VAT number. Without registration, you’re not eligible for a refund. Once registered, you may be required to file VAT returns regularly, depending on local regulations.
When you’re ready to apply, you’ll need to submit your claim to the local tax authority. This includes providing original invoices and signed refund forms as supporting documents. The local authority will process your claim and, if everything is in order, grant the refund.
How to Apply for an Import VAT Refund
The rules regarding VAT are varied and complex. In most cases, you need to apply in the local language. GCE Logistics can provide valuable guidance on claiming an import VAT refund. We can act as your single-source service provider regarding different aspects of international trade. Our professionals will work with you to ensure your goods are cleared for import and export.
We can communicate with the local authorities in a language that they can understand. We have experience in complying with the rules and requirements of the local tax authorities. By availing our services, you can better structure your company’s operational processes regarding ongoing VAT refunds, registration, and management.
GCE Logistics provides IOR/EOR, warehousing and transportation, air freight, and many other services related to foreign trade. We have the necessary knowledge, procedures, and processes that can help expedite your claim for VAT refund. We can handle the complex and sophisticated processes involved in foreign trade. For more information regarding our value-added services, you can contact us by clicking here.
