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 (TMC) 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