• VAT RECOVERY

    Increases the profitability of your business by recovering overseas VAT.

Gem86 offers you three methods of requesting foreign VAT recovery:

CONVENTIONAL SYSTEM
ADVANCE SYSTEM
NET BILLING SYSTEM

VAT RECOVERY. CONVENTIONAL SYSTEM

The most widely used system, best suited to transport companies.

HOW DO WE DO IT?

Our team meticulously performs each of the following procedures:

  1. Review, analysis and quantification of rebate rights once invoices have been received.
  2. Close monitoring and control of the application
  3. Rebate application made directly in the name of the company to each tax authority.

HIGHLIGHTS:

  • Lower administrative costs.
  • Secure process. Bespoke IT systems.
  • Transparency for the client.
  • Possibility, subject to payment, of legal assistance in the event that partial rebates are refused.
  • Document submission and professional liability guaranteed.
  • The deadlines for receiving the VAT will be those set by each Member State issuing the rebate.
  • The deadlines set by the Directive can vary between 4 and 6 months, depending on the country.

VAT RECOVERY. ADVANCE SYSTEM

A more rigorous system with a higher financial outlay that enables us to obtain the amount to be recovered in advance.

HOW DO WE DO IT?

The Gem86 team follows each of these steps:

  1. Review and selection of invoices
  2. Verification of receipts
  3. Advance payment of the rebate amount within a period of no less than twenty days.

HIGHLIGHTS:

  • Ensuring maximum rebate amounts.
  • Secure process. Bespoke IT systems.
  • Transparency for the client.
  • Possibility, subject to payment, of legal assistance in the event that partial rebates are refused.
  • Document submission and professional liability guaranteed.
  • Larger increase in fees for financial expenses.
  • Specific documentation is required to process the payment.
  • The inclusion of invoices in the request is at the discretion of Gem86.
  • There are no repayment periods.
  • Only complete applications (quarterly) for certain countries like France, Germany and Luxembourg will be paid in advance (ask for other countries).

VAT RECOVERY. NET BILLING SYSTEM

(only for Portuguese clients)

HOW DO WE DO IT?

Gem86, in collaboration with fuel suppliers, offers Portuguese clients consuming fuel in Spain the option to pay their bills for the value of the fuel only, or in other words, without having to pay Spanish VAT on each bill. Within the invoice period agreed with the client, the fuel supplier will debit the net amount, cover the Spanish tax and undertake the recovery process.

HIGHLIGHTS:

  • Avoid paying the VAT on the bill.
  • Improve cash flows.
  • Special terms in administrative fees.
  • Legally secure process.
  • Special offer in the recovery of other taxes in Spain (Gasóleo Profesional).
  • There are no repayment periods.