If you have external activity, you can ask for VAT back for expenses for business purposes.
b We inform you that from 1 January 2023, applications for VAT refunds on business expenditure incurred in 2022 in EU Member States can be submitted.
The VAT rate can go up to 27%. Every year, EUR 5 billion remains unclaimed, news that is not encouraging for investment. So, if you're traveling for business for your start-up abroad, make sure you're claiming Value Added Tax (VAT) for a wide range of expenses such as:
- International fairs and events
- Hotel/ Restaurant
- Fuel/ Transport
- Training sessions
- Intercompanious expenditure
- Advertising/ Professional fees
- Protocol and more
For BT business cardholders, the refund service offered in partnership with Taxback International is a solution that aims to minimize the losses generated by the non-recovery of VAT and the guarantee of international tax compliance. Thus, through this solution, you have the possibility to save money that you can later use for investments in your company.
Advantages of VAT Refund through Banca Transilvania:
Good to know
The deadline for submitting reimbursement claims for expenditure incurred in 2022 in the EU is September 2023.
In order to ensure that applications and documentation are processed in a timely manner, we recommend that you register by August 2023.
List of countries that reimburse VAT and examples of eligible expenditurez PDF