Pharmaceutical company in Spain
Expertise
Fiscal compliance & advisory
Industry
Biotech
Service
VAT
4 M€ recovered
A multinational pharmaceutical company operated in various EU countries and had accumulated a significant amount of input VAT abroad.
However, the complexity of national regulations and differences in refund procedures made it difficult to recover those amounts, resulting in unnecessary financial costs.
Solution
Our team of specialists in international taxation and international VAT recovery analysed in detail all invoices and transactions carried out abroad, identifying the recoverable amounts and handling the entire application process with the various European tax authorities.
Project duration
4 months
Methodology
- Compilation and analysis of documentation
- Preparation of a technical report containing the analysis and procedure
- To obtain a refund of overpaid amounts, in accordance with our opinion based on existing legal doctrine and case law.
- VAT recovery
- Tax advice throughout the entire process
- Monitoring and assistance in dealings with the tax authorities
Case studies
Results
The project resulted in an immediate and quantifiable economic return:
4 million euros recovered in foreign VAT.
✅ Improved liquidity and reduced financing costs.
Centralised and secure management across different countries, without any additional administrative burden for the client.
Impact
The company was able to maximize its tax refunds and improve its cash position, while also enhancing the efficiency of its international tax processes.
Results
4 M€ recovered
