It has been proposed that from April 1st 2010 there will be two charges of VAT on goods and services in India.  Currently in most European countries businesses collect and pay VAT only to one source and many companies find VAT accounting onerous already, especially small businesses.

But imagine collecting two different VAT rates on all your goods and services and then paying or reclaiming VAT to two different VAT authorities. Additionally companies will have to deal with the problem of different regions being able to set their own VAT rates.  For example if you had a company based in Dublin and did some business with another company based in Cork, you could have a different VAT rate to try and claim a refund for.

The Indian proposal makes European Vat policy look timid, even though we have many different Vat rates for the same goods and services through out the EU.  However this is the area in which Global Tax Reclaim excel.  GTR reclaim Vat from all the European countries on behalf of clients world wide.

We make reclaiming over-payments in Vat easy – so contact us today on 00353 1458 7460