On-Demand Learning
|
Key topics covered:
- Understanding VAT and GST: Explanation of VAT (Value-Added Tax) as a consumption tax on goods and services, its application in 170 countries, and comparison with GST (Goods and Services Tax) applied in specific countries like Australia, India and Canada.
- VAT Reclaim for Travel Expenses: Importance of reclaiming VAT on corporate travel expenses such as hotels, airfare, meals and conference fees, highlighting significant cost savings for organizations.
- Eligibility and Documentation Requirements: Criteria for VAT reclaim eligibility, including proper documentation like compliant invoices with specific details (legal entity name, address, VAT breakdown, etc.) and maintaining detailed records.
- Common Challenges and Solutions: Complexities of VAT reclaim across different countries, emphasizing the need for proper setup of travel management companies (TMCs) and expense management systems, as well as updating travel policies.
- Role of Third-Party Suppliers: Benefits of using third-party VAT reclaim vendors, their expertise in handling complex regulations, integration with expense management tools and offering reissue of non-compliant invoices.
- Communication and Training: Importance of clear communication and training for employees on VAT reclaim processes, including practical steps and tools (e.g., digital business cards) to ensure compliance and maximize reclaimable amounts.
- Q&A session
|
members wATCH NOW Subscribers Purchase Recording
Not a Member? Join NOW |
Speaker
Nari Narvani, Director of Global Travel and Expense, CCTE, GTP, Snowflake |
| Additional Details: - Fee: Complimentary to members and $149 to subscribers.
- What You Receive: A link to the recorded virtual event through the GoToWebinar tool.
- Duration: This presentation is approximately 40-minutes in length.
- Continuing Education Points: Viewing this virtual event earns 0.25 CPCP points towards initial eligibility or re-certification.
- Original Presentation Date: May 30, 2024
|
|
