Finance, Taxes, Insurance
Of VAT refunds and cabotage rules:
Valued-added taxes (VAT) may now amount to 25 percent of a jet fuel purchase in some parts of Europe.

Valued-added taxes (VAT) may now amount to 25 percent of a jet fuel purchase in some parts of Europe. But that’s the bad news. The good news is that in most cases this tax may be refunded, as may VAT levied on many other business-
related goods and service expenses incurred by company employees traveling abroad.

VAT actually begins as a government tax imposed on businesses at all levels of the manufacture and production of goods or services. It is based on the increase in price, or value, provided at each level–hence the term “value-added tax” as it is passed along to the end user. It was first introduced in France in 1954 and is now an ingrained element of the tax structures of virtually every European nation and many other countries throughout the world.