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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