Accounts Payable (AP) invoices
Don’t leave foreign VAT behind
Recover more. With less effort.
Accounts Payable invoices from foreign suppliers often include refundable VAT. But with complex reclaim processes, many businesses leave money behind.
That’s where Fintua comes in – making VAT recovery simpler, faster and more effective.
Reclaim up to 25% on overseas projects costs
Many businesses miss out on foreign VAT refunds due to complex rules and filing processes.
Fintua makes reclaiming foreign VAT easy
With deep knowledge of local legislation, multilingual support and strong relationships with global tax offices, we handle the complexity. So you can unlock more value from your international projects.
Industries that have AP invoice reclaim potential
- IT service providers/ telecoms
- Manufacturing and production
- Pharmaceutical
- Retail/ consumer goods
- Industrial equipment / construction
Which expenses are eligible for VAT Reclaim on AP invoices?
Your company is eligible to recover VAT on Accounts Payable invoices in eight business spend categories:
Tooling
VAT recovery is available on fixtures, injection moulding gauges, cutting equipment and patterns. VAT on tooling can add up to 27% to production costs.
Supply and Installation
VAT reclaim is available on installation of machinery, infrastructure and pipelines.
Premises rental and purchase
VAT recovery is available on premises rental, infrastructure expenses such as storage and data centres and technical support office.
Professional services
VAT recovery is available on services provided by engineers, consultants, lawyers, real estate agencies and maintenance/management fees.
Training and events
VAT recovery is available on venue hire for training or events, restaurant/catering costs and transport abroad in relation to training or events.
MICE and tour operators
VAT reclaim is available on meetings, incentives, conferences and events (MICE), these include packaged foreign travel expenses, accommodation, car hire and flights.
Airline and aircraft operator expenses
VAT recovery is available on mineral & oil tax for fuel costs, passenger aviation tax compliance costs, fuel invoice costs, corporate plane repairs or maintenance.
Import VAT
VAT recovery is available on warranty parts shipped overseas, goods purchased for manufacturing projects overseas, goods shipped overseas and DDP shipping (Delivery Duty Paid).
The challenge of reclaiming VAT on Accounts Payable onvoices
Foreign VAT is recoverable – but many finance teams miss out. Here’s why:
- It’s time-consuming: AP invoices with reclaimable VAT often fall outside standard processes and are harder to spot.
- There are tight deadlines: Local tax rules set strict time limits for claiming VAT back.
- Suppliers make mistakes: VAT is sometimes charged incorrectly and fixing it requires expterise.
Fintua helps you find and recover what others miss.
Our complete Accounts Payable solution
- AP planning:Â We provide consultancy to handle foreign VAT on projects abroad, considering the full place of supply roadmap for each project.
- AP screening:Â We check all invoices to identify incorrectly charged foreign VAT, resulting in cash-flow optimisation by not paying VAT where it is not due.
- VAT reclaim: Correctly charged VAT is recovered via tax office application. The incorrectly charged VAT is recovered from suppliers.
Rise Above the Rest
Maximise your potential with our full suite
VAT compliance solution
Rise above complex indirect tax challenges with Comply, Fintua’s revolutionary platform for global indirect tax compliance.
VAT recovery solution
Recover automates the process of identifying and reclaiming VAT on business expenses, both domestically and internationally, helping you boost your bottom line.
Integrated payments solution
Pay simplifies international payments, reducing complexity and costs while ensuring compliance with local regulations and improving financial visibility.
eInvoicing solution
eInvoice enhances efficiency by digitising your einvoicing process, ensuring compliance across multiple jurisdictions and improving cash flow management.