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The OECD’s Committee on Fiscal Affairs released a report | 2010 02 08 | Source: oecd.org

On 5 February 2010, the OECD’s Committee on Fiscal Affairs released a report focusing on VAT/GST relief for foreign businesses.  The report highlights the difficulties businesses face when they try to recover VAT incurred abroad. The report is based on a survey of more than 300 businesses. It revealed that refund procedures are considered difficult for 72% of businesses and that nearly 21% of the respondents are unable to recover any of their foreign VAT.
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