Value Added Tax Reclaim Value Added Tax (VAT) is a general tax on consumption that is applied in more than 50 countries, much like a retail sales tax.If your organization conducts a considerable amount of business in the EU and Canada, you should consider the option of reclaiming the Value Added Taxes on your travelers' T&E charges. Unlike the Sales Tax in the U.S, VAT it is collected at all stages of the production and marketing of goods and services, and could be compared broadly to an income surtax on individuals and corporations. Most organizations are eligible for VAT reclaim, with the exception of insurance companies, financial institutions and non-profit organizations. If your organization has frequent travel to and within Europe and Canada, or maintains offices and undertakes projects there, you are likely to be incurring hidden VAT expenses. Diners Club can work with you to evaluate your travel patterns and overseas expenses to determine if you can benefit from this program. Countries supporting VAT Reclaim VAT is reclaimable on "business services" in Canada and many European countries, including: Austria Belgium Canada Denmark Finland France Germany Greece Great Britain Hungary Iceland Ireland Italy Luxembourg Netherlands Portugal Spain Sweden Switzerland Reclaimable Expenses VAT refund regulations can vary significantly by country and expense type. Depending upon the country, Value Added Tax may be reclaimed on: Hotels, car rental, gas & meals Trade show fees, leasing of space and local promotional activities Employee seminars, training and education Office rent Office equipment, furniture rental, stationary and supplies Dues and subscriptions Postage, long distance & fax fees Professional fees for subcontractors and architects, lawyers and accountants Strategic Expertise Should our analysis of your organizations travel reveal solid financial benefits to your organization through VAT Reclaim, we recommend that you work with ITS Fabry -the oldest and most experienced VAT recovery service in the world, chosen by Diners Club for its demonstrated expertise and leadership in the field. It's clients on average save 15% of foreign business expenses by reclaiming VAT charges. If you choose to work with ITS Fabry, Diners Club will ensure that your system is properly implemented, and that you receive the best possible return on your participation in the program. A key advantage Diners Club offers is that while we seek out and partner with industry leaders, we do not form exclusive relationships with any single company. While we are pleased to recommend this partner to your organization, we are skilled at working with products from a wide variety of vendors, and can help you implement any solution you choose. This guarantees your organization unbiased, consultative assistance during your vendor-selection process, and beyond. To Learn More To learn more about Value Added Tax Reclaim, please contact your Diners Club Representative.