What VAT rate applies to my case ?
Last updated April 4, 2024
📌VAT rate applied by Respaid
When it comes to Value Added Tax (VAT), Respaid is subject to a rate of 20%. This means that all invoices issued by Respaid will include this tax in accordance with the current regulations.
Therefore, it is important to take this rate into account when evaluating the costs associated with the debt recovery process.
📌Amicable collection fees
The amicable collection offered by Respaid is based on a percentage of the amount recovered, which varies depending on the age of the debt. This incentive-based pricing model ensures that Respaid makes every effort to recover the outstanding amounts as quickly as possible. In addition to these collection fees, fixed lawyer fees are added to cover administrative expenses and potential legal actions.
📌Payment installment options
Respaid also offers a payment installment option through its partner lawyer's office. If you choose this option, please note that an additional 10% of the amount recovered will be invoiced.
📌Transparency and communication options
During the implementation of the receivables table, we offer options such as SMS notifications, voice messages, and filtering of incorrect emails. These features are provided at no extra cost, and they aim to facilitate communication and keep the clients informed throughout the debt recovery process.
📌Commitment to transparency
At Respaid, transparency is a fundamental value. We are committed to providing all necessary information regarding VAT rates, collection fees and available options, prior to debt collection. No hidden fees will be applied, and all information will be clearly communicated to the client, to guarantee a relationship of trust and maximum satisfaction.