The Opportunity

Value Added Tax (VAT) is a tax on goods and services assessed throughout the European Union. It is factored in at each stage of production, so no producer or consumer escapes its reach.

It is a very high tax, averaging over 15%, and ranging from 5% to 25%, dependent upon the type of product/service, and the country in which the goods or services are taxed.

Where's the good news…the opportunity!?

In simple terms, companies both within and without the EU have the right to reclaim tax they pay in EU countries. There are many permutations to this basic principle - which is where the LES VAT*Toolkit™ can help. VAT Reclaim is a perfect outsource service - freeing you from understanding the rules in 25+ countries, which change frequently, and require very precise returns in the reclaim process, often in the local language. And, to make the service even more attractive, there is no up-front cost for the reclaim service - we are paid only when we are successful…and we are successful, with our affiliated VAT reclaim company, CEI. We succeed in over 98% of our reclaim applications.

How many companies worldwide really take advantage of reclaiming their VAT? Believe it or not, studies continually show that perhaps not even 20% of qualified companies do what they should in this arena, especially those located outside of Europe.

Don't be among them. Use the LES VAT*Toolkit™, part of the LES Treasury Suite™, to bring you the results you want in this complex field.