Sales and Use Tax
Some or all of these taxes may be refunded but it generates a lot of paperwork (and income). The VAT paperwork can be burdensome but it remains a major source of assessment income for most of the European Union, Mexico and other underdeveloped countries which allegation on mediocre a 15-25% VAT rate. Canadian sales taxes domain from 5% in Alberta to an effective 16.6% in Prince Edward Island where sales tax is also applied to the federal Goods and Welfare Tax.
Review of company purchases to determine which assets may qualify for exemptions. Finding overlooked exemptions often results in important savings.