Did you know that some European Tax Authorities allow foreign businesses to get a refund of Value Added Tax (VAT) incurred during MICE and business travel?
Services that can be reclaimed vary by country but normally include hotel, accommodation, exhibition costs, venue hire, equipment rental, entrance tickets, transportation and meals.
Generally, U.S. companies are eligible to recover VAT in the following countries:
Austria, Belgium, Denmark, Finland, France, Germany, Iceland, Ireland, Luxemburg, Malta, Monaco, Montenegro, the Netherlands, Norway, Spain (only for the participants of international congresses and trade shows), Sweden, Switzerland and the United Kingdom.
Importantly, all of these countries allow VAT recovery for…