U Turn Tax Refund

Recover money on your International Expenses

PRESENTED BY MARTIN MUSKER & ANA MARIA CUSIAC CFOs FORUM BUCHAREST 21ST FEBRUARY 2013

U Turn Tax Refund

U Turn Tax Refund (UTTR) is a Global Corporation Headquartered in Dubais financial hub Dubai International Financial Center. UTTR specialises in VAT recovery, compliance and consultancy services with over 25 offices across Europe, USA, India, Middle East and the Asia Pacific.

U Turn Tax Refund - Global Expertise

Profile of UTTRs Executives
U Turn Tax Refund has a resource of talent and expertise in every location.

51% 42% 35%

from Big 4 are Qualified accountants

are Qualified legal advisors

U Turn Tax Refund Local Expertise

Country Manager - Romania
Ana Maria Cusiac joined the executive team of U Turn Tax Refund Romania in 2013. Ana Maria was one of the most experienced and senior consultants at one of the Big 4, providing advice to multinational and local corporate firms for over five years. Her work covers both domestic and international tax issues, and extends to direct and indirect taxation.

U Turn Tax Refunds Core Business Areas:

End-to-end foreign VAT (and similar sales taxes like: GST or Consumption Tax) recovery from 45 countries Ensuring full domestic VAT compliance - covering registrations for the VAT purposes, preparation of the domestic VAT and INTRASTAT / EXTRASTAT returns as well as EC Sales and Acquisition Listings in multiple countries.

VAT/TAX recovery in complicated areas such as Aviation VAT, Import VAT and Customs Duties, Mineral Oil Tax and Roaming Charges

Turnkey Solutions
Core Business Areas:
Worldwide Foreign Tax Recovery

Domestic Tax Compliance and Accounting Services

Fiscal Representation Legal-Tax Services International Tax Services Customs and Excise Duties Transfer Pricing & Tax Effective Supply Chain Management

Turnkey offering
Advisory for Partially Exempt Businesses (Financial Institutions, Government agencies, Sports Organizations, Educational Institutions, etc.) E-invoicing Taxation of HR Performance and Award schemes Grants & Incentives Advisory (GIA) Global F&A Centre of Excellence Services Tax Seminars and Training Programs Payment Protection Insurance Services Personal Income Taxation / PAYE

Advisory on Film Industry Tax Incentive Scheme

Tax Reviews / Audits Tax Technology Services Mergers and Acquisitions Taxation Advisory on Tax Free Shopping

VAT Recoverable Expenses:

TRAVEL AND ENTERTAINMENT (T&E) EXPENSES

Conference, Trade Fair and Exhibition

Training Courses and Seminars

Business Entertainment

Hotels and Other Forms of Accommodation

Restaurant Meals (Food and Beverages)

Car Rental and Maintenance (incl. repairs and spare parts cost)

Petrol / Diesel fuel

Taxis

Public Transport (buses, rail, etc.)

VAT Recoverable Expenses

FOREIGN VENDOR PAYMENT EXPENSES:
Roaming Charges (including the U.S.) Broadcasting, TV & Movie Production Exhibition / Trade Show / Conference Expenses

Import VAT & Customs Duties

Professional Fees/Services

Advertising, Marketing and Promotions

Information Office Expenses

Intercompany Charges

Tooling / Equipment/ Warranty cost

Data & Collocation Services

Aviation VAT

Subscription Fees

U Turn Tax Refund VAT Recovery Table

Invoice Retrieval Services

Full audit service
Customer Service Executive does a comprehensive onsite audit

Self retrieval service

Client extracts invoices & data and provides it to UTTR

Reissue and Supplier Refund Service

UTTR obtains original & compliant invoices reissued from suppliers / service providers

UTTR identifies invoices with incorrectly charged VAT and ensures that the VAT is refunded to Client

VAT Appeals Service

Country specific tax jurisdiction expertise

Review the VAT refund claim denial grounds; Planning and management the appeal; Preparing a punctual and well legally augmented appeal;
If you are not happy with a VAT refund decision, you may have the right to appeal

A punctual and legally augmented appeal can make the difference in obtaining a favourable appeal decision.

Following the appeal with the relevant tax authorities.

Premium Service
Only company in the World

Refund within 5 days*

Provides instant cash-flow

* Terms & conditions apply

VAT Compliance

Registrations for the domestic VAT purposes; Preparation of the domestic VAT & INTRASTAT/EXTRASTAT returns; EC Sales and Acquisition Listings.

VAT Consultancy

International tax services; Legal-tax service; Mergers & Acquisition (M&A) taxation; Advisory for partially exempt businesses;

Tax optimisation and supply chain management.

Global F&A Centre of Excellence

End-to-end comprehensive outsourcing solution; VAT Compliance Centre (VCC) for high quality country local VAT compliance and reporting; Optimisation of GL, AP, AR, FP&A and T&E Management processes; Data coherence for the migration process; SOx Internal Control Systems;

Bank account & ledgers reconciliation.

Optimising Tax Incentives for Innovation

Tax deductions of 50% of the eligible expenses for R&D activities Most fixed and variable costs related to R&D activities are covered under the incentives scheme Possibility to use the accelerateddepreciation method for devices and equipment used in R&D activity.

Reporting
Applications available on both desktop and mobile applications

Benefits

Multiple locations around the world; Turnkey solutions; Dedicated customer services executives; 24/7 multilingual support; Maximising your VAT reclaim in the shortest possible lead time; Competitive pricing with the highest quality service.

Our Locations

UTTR Offices Coming Soon

Our Clients

Our Partners

Questions

THANK YOU FOR YOUR TIME