文档介绍：*Seminar content is available on the SVB website HIGH STREET PARTNERS , INC. EU VAT Recovery What you need to know December 2009 CROSS-BORDER ACCOUNTING, PAYROLL, COMPLIANCE, FINANCE, HR AND ADMINISTRATIVE SERVICES FOR VC BACKED FIRMS, PANIES AND INSTITUTIONS DOING BUSINESS INTERNATIONALLY uropean Value-Added-Tax (VAT) can pose a number of thorny problems for panies unfamiliar with the procedures involved, but taking control of pany’s VAT has never been more important. A recent seminar* hosted by SVB and High Street Partners mon VAT questions, including when and how panies should charge VAT and who should take responsibility for Import VAT when shipping product into the EU. Our focus here is wh at happens after VAT has been paid. While not exhaust ive, the following information is intended to give a wor king knowledge of the processes and deadlines involved w ith making a VAT reclaim. Proper registration, timely filing, and good documentation may help pan y improve cash flow and make operating overseas a bit less costly, at least on the VAT side. A little background As you’re doubtless aware, VAT is an inescapable pa rt of doing business in Europe. The 27 European Union member states (countries) have a harmonized VAT system, and the non-EU countries follow similar principles. Rates are high, from 15 to 25 percent, and there is little ma