VAT reclaim agency

Indian travelers to Europe, US, Far East pay for several things. This includes hotel accommodation, food, shopping and sight-seeing among others. Several countries, especially in Europe, allow foreign tourists to reclaim Value Added Tax they have paid on their purchases. In most cases, such claims have to be filed once the tourist has returned to her or his native land. Especially, Europe is a high taxation area. Hence, tourists pay heavy VAT on their purchases. You can start an agency that reclaims VAT from these countries on behalf of returning tourists. To enter this business, you will need to acquaint yourself with VAT claim procedures of various countries. The client has to produce all receipts of purchases made while abroad. VAT returns can be filed by you online. In exchange, you can charge a good commission.