Hemas Travels, the local representative for Hogg Robinson Group (HRG), the global travel management company with representation in over 120 countries, has been appointed the official representative for the Cash Back, the VAT reclaim organization with its Head Office in Switzerland.
Hemas has the right to market and sell the Cash Back VAT reclaim services in the local market to significantly reduce clients travel costs offering end-to-end solutions for businesses.
Each year, businesses in the region spend millions in VAT on services supplied in UK, Europe, Canada and Australia. It includes VAT charged on hotel accommodation, entertainment, telephone calls, travel, transportation, training, conferences, meetings and events, exhibitions, as well as other services. Recovering VAT on these types of services represents a significant cost saving when it is refunded to companies by Hemas Cash Back.
With the Hemas Cash Back tie-up, corporate organizations based in Sri Lanka can reclaim what is rightfully theirs in terms of VAT refunds for all travel and related costs incurred during business trips made in the above markets.
Hemas Cash Back simply turns your trash into cash. The two giants, Hemas and United Cash Back with their 60 and 30 years travel and VAT reclaim experience respectively, help to reduce a company’s expenses by managing their VAT expenditure on travel costs which is the third highest cost to organizations. Together there is also the opportunity to consolidate the total VAT reclaim process regionally for larger organizations.
By availing of this unique VAT Reclaim service, all business organizations will be able to get back what is rightfully theirs. After all, there is a substantial amount of money which companies are losing today by leaving it at the tax authorities across the world. This service will allow you to reduce foreign travel budget by as much as 20% through reclaiming the VAT that is rightfully yours.
The process is simple, Hemas Cash Back simply registers each client and collects their original invoices or receipts for submission to the relevant tax authorities, providing regular updates on the status of each claim, all working to ensure that maximum refunds are reclaimed for the client’s business.
“With this truly win-win proposition there is nothing to lose especially due to a no-refund no-fee policy which transforms a client’s otherwise valueless invoices into a significant source of income. It has never been easier for a company to significantly reduce its costs at no extra expense.
For further information contact Ms Amila Gunawardana +94 11 470 2442 or +94 77 372 1001