Sign In
The CEO Views Small logos
  • Home
  • Technology
    Artificial Intelligence
    Big Data
    Block Chain
    BYOD
    Cloud
    Cyber Security
    Data Center
    Digital Transformation
    Enterprise Mobility
    Enterprise Software
    IOT
    IT Services
    Innovation
  • Platforms
    How IBM Maximo Is Revolutionizing Asset Management
    How IBM Maximo Is Revolutionizing Asset Management
    IBM
    7 Min Read
    Optimizing Resources: Oracle DBA Support Services for Efficient Database Management
    Oracle
    Oracle
    9 Min Read
    The New Google Algorithm Update for 2021
    google algorithm update 2021
    Google
    5 Min Read
    Oracle Cloud Platform Now Validated for India Stack
    Service Partner Horizontal
    Oracle
    3 Min Read
    Oracle and AT&T Enter into Strategic Agreement
    oracle
    Oracle
    3 Min Read
    Check out more:
    • Google
    • HP
    • IBM
    • Oracle
  • Industry
    Banking & Insurance
    Biotech
    Construction
    Education
    Financial Services
    Healthcare
    Manufacturing
    Mining
    Public Sector
    Retail
    Telecom
    Utilities
    Gaming
    Legal
  • Functions
    RISMA Systems: A Comprehensive Approach to Governance, Risk and Compliance
    Risma Systems
    ENTREPRENEUR VIEWSGDPR
    9 Min Read
    Happiest Minds: A “Privacy by Design” approach is key to creating GDPR compliant businesses
    Happiest Minds 1
    GDPR
    8 Min Read
    Gemserv: GDPR 2020 and Beyond
    Gemserv 1
    GDPR
    9 Min Read
    ECCENCA:GDPR IS STILL AN UNTAMED ANIMAL
    eccenca 1
    GDPR
    6 Min Read
    Boldon James: HOW ENTERPRISES CAN MITIGATE THE GROWING THREATS OF DATA
    Boldon James 1
    GDPR
    8 Min Read
    Check out more:
    • GDPR
  • Magazines
  • Entrepreneurs Views
  • Editor’s Bucket
  • Press Release
  • Micro Blog
  • Events
Reading: Taxback International: Helping Organizations Maximize VAT Reclaim
Share
The CEO Views
Aa
  • Home
  • Magazines
  • Enterpreneurs Views
  • Editor’s Bucket
  • Press Release
  • Micro Blog
Search
  • World’s Best Magazines
  • Technology
    • Artificial Intelligence
    • Big Data
    • Block Chain
    • BYOD
    • Cloud
    • Cyber Security
    • Data Center
    • Digital Transformation
    • Enterprise Mobility
    • Enterprise Software
    • IOT
    • IT Services
  • Platforms
    • Google
    • HP
    • IBM
    • Oracle
  • Industry
    • Banking & Insurance
    • Biotech
    • Construction
    • Education
    • Financial Services
    • Healthcare
    • Manufacturing
    • Mining
    • Public Sector
    • Retail
    • Telecom
    • Utilities
  • Functions
    • GDPR
  • Magazines
  • Editor’s Bucket
  • Press Release
  • Micro Blog
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
The CEO Views > Blog > Magazine > Taxback International: Helping Organizations Maximize VAT Reclaim
Magazine

Taxback International: Helping Organizations Maximize VAT Reclaim

The CEO Views
Last updated: 2020/03/02 at 5:04 AM
The CEO Views
Share
Catherine Quirke Chief Commercial Officer
Catherine Quirke Chief Commercial Officer

Taxback International combines innovative technology, deep industry expertise and value-added partnerships to deliver comprehensive VAT solutions that maximize VAT reclaim and minimize VAT risks so that companies can focus on growing their business. Established in 1996 as part of The Taxback Group, Taxback International was originally a subsidiary company of an existing business within the Group.

With VAT evolving and expanding rapidly across the globe as new systems rolled out and existing ones adapted to digitalization, Taxback International quickly identified the value that VAT reclaim could bring to businesses of all sizes, from SME’s to global corporations. Addressing this situation, Taxback International was born as a stand-alone company in 2008 and developed an automated technology platform, the first of its kind in the industry.

Based on Taxback International’s 23 years of experience and its detailed knowledge of trends from its extensive client base, the company estimated that the total VAT recoverable from global business travel was more than $61 Billion in 2018, which is projected to grow to $87 Billion by 2022. “Moreover, global business travel expenditure is forecast to reach $1.7 trillion by 2022, and as of now, organizations are only recovering a fraction of what’s owed to them,” says Catherine Quirke, Chief Commercial Officer, Taxback International.

The complex world of International VAT is subjected to continually changing legislation, diverse filing requirements and large financial penalties for non-compliance, making the traditional method of VAT management time-consuming and tedious. Taxback International’s automated, cloud-based VATConnect platform eliminates the burden by providing real-time visibility throughout the process, making recovery and compliance effortless for its clients. VATConnect comprises of three main areas – Integrations, Intelligence and Analytics. Integrations manages the flow of data into the Taxback International environment. The Intelligence platform automatically analyses all transactional data and images that Integrations platform has passed to it. The output of the Intelligence platform is in turn exposed to its customer-and-partner-facing web portal called Analytics.

Analytics enables clients to build their dashboard, where each user can choose to customize the interface to surface the key insights or metrics which are important to them.

The company also focuses on incompliant VAT spend and identifies ways to ensure that invoices are VAT compliant to increase VAT recovery for organizations. The first in the market to implement a ‘Continuous Improvement’ program, Taxback International has successfully maximized VAT recovery for its clients by an average of 50%. Taxback International worked with Electrolux and helped them triple their recovery in one year and increased it 10 fold within three years. Taxback International’s comprehensive global solutions are unique in the market because they provide not only automated VAT recovery solutions, but they have the benefit of 23 years of VAT expertise, which makes it easy for them to provide complete indemnity around their work, making it risk free of clients to sign up with them.

Taxback International also provides VAT compliance, registration & filing solutions though VATComply, and through its sister companies provides global payments and international payroll solutions. “Reacting to client demand from some of the biggest organizations in the world, we have expanded our solution into specialist markets with the introduction of new products such as virtual document storage and archiving, benefit in kind reporting, Sales & Use Tax Recovery for US based Not for Profits and Meals & Entertainment Tax Recovery for US Corporations,” adds Catherine.

The company’s focus on security along with forward-thinking innovation has made it one of the most trusted organizations across the globe to manage VAT processes. Currently trusted by over 12,500 clients globally, Taxback International’s initial challenge was to build a platform which was secure, highly available and able to support a rapid rate of change. Over time, through its dedication to streamline, automate and continually improve the VAT reclaim process through innovation and VAT expertise, the company has managed to transform the VAT reclaim landscape globally.

Moreover, their team of experts provide professional consultancy services to manage any exceptions and offers practical advice for highly specialized and unique global tax challenges. Taxback International has a team of multilingual VAT experts who have significant experience in providing VAT solutions to large global clients in regions including Europe, the USA, China, Japan, South Korea, India, UAE, Mexico and Singapore.

The company has numerous offices throughout Europe and its solution supports every global region and jurisdiction with a VAT mechanism. Taxback International continues to innovate and release new features and functionality to our clients. The company has over 30 offices worldwide and provides VAT/GST recovery in over 170 tax jurisdictions around the world.

The CEO Views November 24, 2019
Share this Article
Facebook Twitter LinkedIn Email Copy Link
Previous Article Laszlo Gyorgy Dellei CEO KERUBIEL: Modern Age Data Protection Solution
Next Article Jesse David The CEO Zebu: Because Data Security Saves Jobs and Protects Reputation
Cybersecurity failures 1

Cybersecurity Failures: Top 6 Reasons

March 8, 2024
TIPP OIL Manufacturer Ltd
Press Release

Through “Rebottle” Tipp Oil has brought for the first time an innovation by launching the first system of storage for plastic bottles in Germany

The CEO Views By The CEO Views February 16, 2024
ACHIEVE TODAY
ENTREPRENEUR VIEWS

ACHIEVE TODAY:How successful could your company be if your employees had no limits?

The CEO Views By The CEO Views February 28, 2024
Gravity Software
ENTREPRENEUR VIEWS

Gravity Software: Introducing a smarter accounting solution

The CEO Views By The CEO Views February 26, 2024
Enterprise Software
Enterprise Software

Advantages of Enterprise Resource Planning

The CEO Views By The CEO Views March 11, 2024

The US Stock Market Today Takes a Surprising Turn as Stocks are Rising and Oil is Tumbling after Iran Launched Missiles at US Bases

June 25, 2025

Redefining Business Success: An Exclusive Interview with Joy Gendusa, CEO of PostcardMania

June 25, 2025

St. Cloud Financial Credit Union: Trailblazing Financial Technology

June 25, 2025

Res Media: Crafting More than Just Applications

June 25, 2025

You Might Also Like

Joy Gendusa, CEO
ENTREPRENEUR VIEWS

Redefining Business Success: An Exclusive Interview with Joy Gendusa, CEO of PostcardMania

7 Min Read
Jed Meyer, CEO
ENTREPRENEUR VIEWS

St. Cloud Financial Credit Union: Trailblazing Financial Technology

8 Min Read
Daniele Vicino, Founder & CEO
ENTREPRENEUR VIEWS

Res Media: Crafting More than Just Applications

7 Min Read
Dr. Anatoly Budylev, CEO
ENTREPRENEUR VIEWS

RDG: Transforming Radiology Services with Innovation

9 Min Read
Small logos Small logos

© 2025 All rights reserved. The CEO Views

  • About Us
  • Privacy Policy
  • Advertise with us
  • Reprints and Permissions
  • Business Magazines
  • Contact
Reading: Taxback International: Helping Organizations Maximize VAT Reclaim
Share

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?