Spanish companies lose 1,000 million euros annually due to VAT not deducted from their travel expenses.

Spanish companies lose 1,000 million euros annually due to VAT not deducted from their travel expenses.

Spanish companies lose 1,000 million euros for VAT not deducted from their trips abroad and extra expenses, according to the estimate of the specialized firm Lowendalmasaï. The head of Business Development of Lowendalmasaï, David Puentes, explainedó in the training session of Forum Business Travel this Wednesday in Madrid, where the study was presented.