How Could The Kuwaiti Business Owners Claim Their VAT Refund

Infomatics Consultancy Company is one of the most dominant consultancy firms of Kuwait.  They are associated with Morgan Bentley VAT Reclaim which is one of the leading VAT Recovery Unit of Europe.

It specializes in providing assistance to many Kuwaiti Companies by managing their Value Added Tax (VAT) when they deal with different companies of European Nation and other companies all across the world.

Before emphasizing their work in details, it is important to know what is VAT? A Value Added Tax (VAT) is basically the consumption tax which is added to the selling price of the product. It is that payment, which a buyer needs to pay in context to the value added in the product during the process of production.

There has been a general concept that in all countries, VAT is always paid by the buyers. But this is not totally correct, because, in countries like Australia, Japan, and Europe, this rule is not always applicable.

It’s not only on the international trade, but they also help in getting substantial savings in Business Travel Expense. They claim that they can save up to 20% of various expenses incurred during the business trip by the Kuwaiti business owners when they visit in the other nations. In other words, this company is the best resource which could help you to know all the norms of the Value Added Tax in Kuwait.

How Do They Help In Claiming VAT

As discussed above, they are a consultancy firm in Kuwait, which provides all kinds of assistance to their customers in relations to VAT and they are well renowned for VAT Refund in Kuwait. Following are the steps which they follow:

·         The Application Form of Refund is there on their website; so the business owners just need to provide all their business details and the authorization to the Morgan Bentley who could work on their behalf.

·         All the original Invoices, on which the VAT has been charged, need to be submitted to them.

·         The Certificate of Status, which shows that the business is already registered in its country for tax, is to be produced during this reclaim procedure.

·         Then after that when all these documents are received by them, they access and confirm the actual amount of VAT, which the business owner is expected to receive.

It is important to know that, it takes approximately 6 months or more to receive this claim and all original documents are required for the filing purpose.