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October 4, 2022
BUSINESS

Intesa Sanpaolo Bank, agreement with U Turn Tax Refund

Intesa Sanpaolo Bank Romania, subsidiary of Intesa Sanpaolo Group, has become the first bank to make a local agreement with U Turn Tax Refund (UTTR) in order to facilitate the refund of Value Added Tax (VAT), according to a press release.  The new facility is an important competitive advantage for all the corporate clients that can optimize their costs on all business expenses abroad, paid in cash or with Intesa Sanpaolo Bank business credit card. With the new Tax refund service claiming a VAT refund is no longer a complicated and time consuming process. U Turn Tax Refund will handle the entire process from beginning to end, offering a market leading service designed to simplify the VAT recovery for companies. The reimbursement time can be reduced now only up to 5 working days. Intesa Sanpaolo Bank corporate customers can save money on their business travel expenses by registering for the UTTR service. This includes also a dedicated account manager and free consultations and advice to maximize a company’s VAT claim. U Turn Tax Refund will deal directly with suppliers and each relevant tax Authority on behalf of the company.

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