In 1986, I.T.S. FABRY pioneered in this activity. For a number of years, we were the only ones to offer this service. Following our success, competitors started to emerge but I.T.S. FABRY developed an unrivaled expertise and customer service recognized by many of the most renowned corporations in the world.

VAT Defined
VAT (Value Added Tax) is a general tax on consumption, much like a Retail Sales Tax. Unlike the Sales Tax in the U.S, it is collected at all stages as the goods and services are produced and marketed. It was adopted by more than 50 countries and could be compared broadly to income surtax on individuals and corporations.

EU Directives allowing VAT recovery
The 1979 8th Directive is the basis for the Procedure. Its aim was to moderate unfair competition amongst European companies only. The 1986 13th Directive enlarged VAT refund to companies outside the European Union.

Eligible companies, type of expenses & participating countries
Most companies are eligible for VAT refund. Insurance companies, financial institutions and non-profit organizations are the only entities that can not apply. Theoretically, all expenses with VAT are refundable. Most common ones are expenses on Travel, Trade shows, Representation offices and Management fees.

Check out our chart to find out what is refundable and where [click here]

Companies have many advantages in outsourcing the refund process. The intricacies of fiscal Law from various European members states as well language barriers are obvious reasons. Here are other factors that led many corporations to leave this work to us:
Our success rate: 97% - The highest in the industry!
No risk: Our fees are based on the VAT recovered
No hassle. You are relieved and will not have to deal with hurdles such as:

Corporate time and staffing constraints
Fear of too much red tape for possibly too little return
Recovery procedures that vary per country
Randomly changing rules
Complex claim forms
Time-consuming follow-up demands