• VAT Recovery and Recapture

International VAT Recovery/Reclamation

TRADING INTERNATIONALLY? – Are you recovering all you are entitled to?

65% of businesses trading in Europe don’t claim all they are entitled to – according to studies by the OECD.

Litvin Muir can determine if you are, and help you recover lost profits.

Litvin Muir can help you recover lost profits by identifying tax recovery opportunities and ensuring that you are maximizing those dollars with our industry knowledge, expertise, and proprietary tools. These savings could finance part of your future investments and your development long term.

VAT / GST  Recovery

Many companies may not be aware they are overpaying VAT, which could be costing them large sums money and profit. VAT can be as high as 27%, and if not recovered reduces the bottom line. THe Litvin Muir process can recover these losses for as far back as five years.

Our 23 point proprietary review identifies where sales tax was paid unnecessarily. We then recover those lost profits for you. 

Common Industry Challenges

Companies conducting high volumes of transactions involving multiple vendors can easily overlook substantial disbursements which over time can have an impact on the bottom line. Without regular monitoring and increased awareness of where and how over payment can occur, the combination of these elements creates room for further inaccurate tax capturing leading to frequent errors and ultimately, lost profits. When considering Sales Tax Recovery options, many companies are faced with the following questions:

Recoveries of Overpaid VAT and Commodity Taxes

We’ve recovered multimillions of $’s, €’s and £’s of overpaid commodity taxes for clients from multiple tax authorities.  The recoveries and savings go straight to the bottom line  and most often turn into immediate cashflow. We customize our proven RightTax review to individual client needs and situations.  The review regularly results in enhanced processes that prevent similar issues from occuring  or recurring.

Advisory and Research Services

Our technical experts have the knowledge, experience and know-how, to navigate the volumes of legislation, memoranda, technical guides and commentary to ensure that you consider all aspects when researching commodity tax issues. Let our department do the research for you, or use us as a sounding board for your research.

Realisation of VAT and Tax Entitlements

Whether it is preparing, processing and submitting duty drawback, off-road fuel tax refunds or aviation fuel refund claims, our experienced personnel will ensure that the claims are prepared to maximum entitlement. We will analyze all relevant information to determine the optimum approach for claim preparation and presentation. Our claims are prepared in formats that have been approved by the relevant authorities and are easily navigated by the authorities, ensuring minimal questions. This ensures that the time between submitting claims and receiving the refunds is kept to an absolute minimum.

Audit Assistance

Commodity Tax audits can be extremely time consuming, distracting and cumbersome to experience. Our experts have enviable track records assisting clients navigate through the audit process. Our experience determines the most efficient information necessary to be provided to tax authorities and the formats that work best for auditors. This results in minimal audit queries and interruptions.

Ruling Requests

Let us help prepare ruling requests for you, be it Federal or Provincial. Our technical experts have the experience and know-how to provide the tax authorities exactly what they need for rulings, eliminating time-consuming questions and queries.

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