{"id":2775,"date":"2019-10-16T08:26:47","date_gmt":"2019-10-16T08:26:47","guid":{"rendered":"https:\/\/way2vat.com\/?p=2775"},"modified":"2022-11-02T14:31:42","modified_gmt":"2022-11-02T14:31:42","slug":"dont-get-caught-out-by-changes-to-foreign-vat_gst-rates","status":"publish","type":"post","link":"https:\/\/way2vat.com\/dont-get-caught-out-by-changes-to-foreign-vat_gst-rates\/","title":{"rendered":"Don\u2019t get caught out by changes to foreign VAT\\GST rates"},"content":{"rendered":"

Requesting a foreign VAT\\GST refund is fraught with challenges. It begins with making sure that all the employees in your company have entered the VAT\\GST information for their expenses into your expense software correctly. Additionally, there\u2019s no standard formatting for foreign VAT\\GST receipts, so you\u2019ll have to put in time and energy working out exactly how much VAT\\GST was paid and what it was paid for, so that you can verify that all the VAT\\GST was paid correctly. On top of that, all too many VAT\\GST receipts are likely to be torn, stained, crumpled, or all the above – making deciphering them a challenge in and of itself.<\/p>\n

But just to make VAT\\GST reclaim even harder, foreign VAT\\GST rates don\u2019t stay the same forever. If your company\u2019s employees are involved in a lot of business travel, it\u2019s very likely that a number of VAT\\GST rates have changed just during the past financial year. It\u2019s vital for you to keep on top of all changes to both standard and reduced foreign VAT\\GST rates, so that you can make sure that your VAT\\GST refund requests are always correct.<\/p>\n

Changes to Foreign VAT\\GST Rates in 2019<\/h3>\n

During 2019, several countries approved changes to their VAT\\GST rates. Sometimes, these are changes that apply across the board to all items, but some countries have adjusted VAT\\GST rates only on certain items, making it even more complicated to keep track of the correct rates for your VAT\\GST refund. Here are some of the main foreign VAT\\GST rate changes that you need to know.<\/p>\n

Czech Republic<\/h4>\n

The Czech Republic has introduced a number of new VAT\\GST rates, but just to keep you on your toes, they only apply to some items. These items have been reduced from the standard rate of 21% to the new reduced rate of 10%:<\/p>\n