Vatwire, a leading provider of VAT/GST reclaim services, and Kanoo Travel, a prominent travel management company, have announced an exciting partnership. Through this collaboration, Kanoo Travel will offer Vatwire's cutting-edge VAT/GST recovery solutions to its clients worldwide, enabling them to unlock significant cost savings on their foreign business expenses, including travel, aviation, and imports.
The partnership brings together the strengths of both companies, enhancing Kanoo Travel's offerings and empowering thousands of clients across the Middle East and globally to recover substantial amounts of Value-Added Tax (VAT) and Goods and Services Tax (GST) paid on their international business operations.
By leveraging Vatwire's advanced technologies, including machine learning and artificial intelligence, Kanoo Travel clients will soon be able to streamline the process of reclaiming VAT/GST taxes included in their foreign travel, aviation, imports, and many other business expenses from various countries. With international VAT rates reaching as high as 25%, this partnership presents a significant opportunity for clients to recover costs they may have previously overlooked, immediately boosting their profitability. In some cases, clients can even claim VAT refunds dating back five years, potentially amounting to substantial sums of money that would have otherwise been missed.
"VAT/GST reclaim is often overlooked, and the money is lost in the corporate environment," said Fahim Jalali, CEO of Kanoo Travel. "Through our exciting partnership with Vatwire, we are delighted to be able to add a valuable service, driving deeper savings for our all-important clients. Partnering with Vatwire highlights our commitment to adding value to our corporate client’s way beyond business travel. We are delighted to offer our services across our network of Kanoo Travel offices, once again leading the way in introducing the best and most innovative of travel products and services for the industry."
ABOUT KANOO TRAVEL
Kanoo Travel, a fully owned business division of Yusuf bin Ahmed Kanoo Group (YBA Kanoo), has been named Saudi Arabia’s Leading Business Travel Agency in 2020 by the 27th World Travel Awards. Kanoo Travel management were informed about the decision earlier this year and received the award in February 2021.
For almost a decade our strategy has been focused on corporate clients which allowed us to develop the capabilities and know-how to serve them in the best way possible. Kanoo Travel has been operating in Saudi Arabia since the 1950’s and has successfully managed to build strong and stable relationships with many clients across the globe.
Kanoo Travel is the largest travel management company in the MENA region. Specializing in corporate, marine, leisure travel, airline representation and Meetings Incentives Conferences and Events (MICE). It offers a wide range of compliance-driven, cost-effective travel management services and solutions. Kanoo Travel operates a network of more than 70 IATA locations and has offices in the Arabian Gulf Region, Egypt, and London.
ABOUT VATWIRE
Vatwire is a global leader in cross-border VAT/GST & Tax Recoveries. Vatwire maximises VAT recoveries through its proprietary, machine learning and artificial intelligence technologies.
The Vatwire Group, together with its Partners, provide VAT/GST recovery in over 180 tax jurisdictions around the world and to many Fortune 500 Companies.
Vatwire’s latest technology, tailor-made services and simple sign-on process maximizes customers’ VAT/GST Refunds.
Vatwire offers a full, end-to-end VAT recovery and compliance solution, which ranges from expenses related to foreign and domestic business travel, shipping and A/P (foreign Supplier) expenses, as well as specialized tax recovery services for the aviation, MICE and tour operator industries.
Our VAT/GST reclamation solutions are designed to dramatically maximize tax savings for our clients across the globe.
For further information, please visit www.vatwire.com or click on our short corporate video: VATWIRE FOREIGN VAT VIDEO.mp4 on Vimeo
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