Look at your VAT and import VAT in Asia.
Travel expenses, trade shows, services and other business expenses are subject to VAT (GST, consumption tax etc.) in many Asian countries. The standard VAT and import VAT rates in the most economically important countries in Asia are:
- CHINA: 17%
- JAPAN: 8% (changing to 10% soon)
- INDIA: ca. 15%
- SOUTH KOREA: 10%
- SINGAPORE: 7%
If you have questions concerning Asian import VAT and general VAT recovery and savings call us.