The lack of effective administrative management prevents Spanish companies from deducting the full amount of input VAT, especially on extra expenses and trips abroad. This fact means a global loss of 1,000 million euros per year, according to the estimate of the specialized firm Lowendalmasaï presented this morning in Madrid to the members of Forum Business Travel.
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Spanish companies lose 1,000 million euros due to non-deducted VAT, in many cases due to the trips abroad made by their employees, as well as extra expenses. This is the estimate made by the specialized company Lowendalmasaï. David Puentes, responsible for Business Development of the company, has commented in a training session of Forum Business Travel that according to the Law of the Tax
Law of the Imp
Law of the Taxation
Law of the Taxation
Law of the Taxation
Law of the Imp
Spanish companies could recover about 1,000 million euros a year in VAT on the 50,000 million that the Treasury collected in Spain with this tax in 2011. The figure is an estimate made by the firm specializing in cost optimization Lowendalmasaï, which has been part of a presentation made in Madrid to the members of
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The head of Business Development at Lowendalmasaï, David Puentes, explained in the training session of Forum Business Travel that, according to the Value Added Tax Law, many companies could recover part of the tax if 4 years have not passed since the issuance of the invoices or receipts not deducted.
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Spanish companies could recover about 1,000 million euros a year in VAT on the 50,000 million that the Treasury collected in Spain with this tax in 2011. The figure is an estimate made by the firm specializing in cost optimization Lowendalmasaï, released during a training session of the Forum Business Travel. Read more
The figure is an estimate made by the firm specializing in cost optimization Lowendalmasaï, which has been part of a presentation made yesterday in Madrid to members of Forum Business Travel, during a training session specially dedicated to the recovery of VAT that companies pay especially in extra expenses and travel abroad. Read more