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How to Master the Essential Requirements of Value Added Tax (VAT)
In 2018, the Gulf Cooperation Council introduced VAT (Value Added Tax) for all businesses that operate within its regions. Currently set at 5%, this tax is paid on all eligible business transactions that take place.
Given this context, did you know that you can reclaim VAT paid on goods and services bought for business use, including travel and expense?
Tune into this brief video to learn how to master the essential requirements of VAT and how SAP Concur can help you successfully reclaim VAT on purchases related to business travel and expense.