Spanish companies lose 1,000 million euros in non-deductible VAT every year, a good part of it due to travel abroad and extra expenses, according to estimates by specialist firm Lowendalmasaï. According to the Llei de l'Impost del Valor Afegit many companies could recover part of the tax if four years have not yet elapsed since the issuance of the non-deductible invoices or receipts. Read more
Spanish companies lose 1,000 million euros for VAT not deducted from their trips abroad and extra expenses, according to the estimate of the specialized firm Lowendalmasaï. The head of Business Development of Lowendalmasaï, David Puentes, explainedó in the training session of Forum Business Travel this Wednesday in Madrid, where the study was presented.
Spanish companies lose 1,000 million euros due to non-deducted VAT, many of them for their trips abroad and extra expenses, according to an estimate by the specialized firm Lowendalmasaï.
Spanish companies lose 1,000 million euros due to non-deducted VAT, many of them for their trips abroad and extra expenses, according to an estimate by the specialized firm Lowendalmasaï.
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Spanish companies have losses of 1.000 million euros for the VAT not deducted, due to the lack of effective administrative management that prevent companies to deduct the full tax – especially in extra expenses and travel abroad –, according ú n the estimate of the specialized firm Lowendalmasaï presented yesterday to members of Forum Business Travel.
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Spanish companies could recover about 1,000 million euros per 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 explained how to recover the VAT that companies pay on business trips, especially in extra expenses and trips abroad.
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Company travel managers are adjusting their preferential agreements with airlines, hotel chains and car rental companies to save on prices, payment methods, purchase volume and seat availability, according to the conclusions of the Business Travel Forum presented in Barcelona. Read more