BCR and Taxback International
VAT can be as high as 27%
Banca Comerciala Romana (BCR), a member of the Erste Group, is the most important financial group in Romania, including the companies on the leasing, asset management, private pension and housing bank market. BCR is the No. 1 bank in Romania assets-wise (over EUR 16 billion worth), the No. 1 bank according to the number of clients and the No. 1 bank on the saving and lending segments. BCR is the most valuable financial brand in Romania, according to the level of clients’ trust and to the number of those for whom BCR is the main institution they do banking with.
BCR offers a full range of financial products and services, through a network of 48 corporate commercial centers and 668 retail branches and agencies located in most of the Romanian cities with a population of more than 10,000 inhabitants. BCR is the No. 1 bank in Romania on the cards and banking transactions market, as BCR clients benefit from the largest national ATM network – over 2,000 machines and POS - over 18.000 electronic terminals operational at the merchants, for card payments, as well as a complex offer of banking products and services, including Internet banking, phone banking and e-commerce services.
Erste Group is the leading financial services provider in Central and Eastern Europe. More than 50,000 employees serve 17 million clients in 3,200 branches in 8 countries (Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia, Serbia, Ukraine). As of 30 September 2011 Erste Group has reached EUR 216.1 billion in total assets, an operating result of EUR 2,631.9 million and a cost-income-ratio of 52.4%.“
BCR have partnered with taxback.com in order to provide their corporate card holders a streamlined VAT recovery solution at preferential rates. The taxback.com's solution will provide BCR and its customers with:
- Reduced overseas costs
- Maximised reclaim opportunity
- Streamlined one-shop VAT recovery solution
- Preferential pricing
- Access to resources & Educational tools
Companies operating across borders have the right to claim back the VAT paid for a variety of business expenses incurred outside their country of residence, including:
- Trade Shows / Conferences
- Restaurant / Meals
- Business Entertaining
- Training costs
- Advertising Costs
- Storage costs
- Professional fees
- And Many More...
Countries that refund VAT
View a chart of the countries refunding to Romania: