Our Framework provides a solution which makes sure that identity is established and goods are actually exported as declared. Thus leading to transparent and correct VAT declarable amounts known to endconsumers, retailers and authorities.
2x Faster Export
Enable faster export processes allowing endconsumers eligible for VAT reclaim to use their smartphone to declare their goods.
Less Traffic Interventions
Optimized cross border traffic due to less interventions but higher visibility on goods amounts imported
Focused Control
No overhead work like stamping export documents. More time for essential risk aligned controls based on dynamic risk metrics.
Key Features
A vatblock means that all involved parties on a value added tax transaction have the same valid information on the refund amount encoded into a persistent blockchain. Thus leading to a more robust refund mechanism then that of a conventional stamp export process.
Efficient VAT export border control
Powerful 40.000.000 product identifier technique
Covering side cases when leaving VAT zones
State-of-the-art export goods mechanism
Separated data privacy and security layer
Optimized traffic handling in cross border shopping
I regularly reclaim the full VAT. With the APP I can self-declare what I have exported and obtain digital declaration. The App asks me to scan certain goods. It's really intelligent how this is done. Thumbs up!
Theresa Weisz, Switzerland
I like that I can simply use my smartphone rather to queue up on the borders to obtain the export declaration. To me this technology makes sense and I will use it whenever there is the possibility.
Kim Wuon, England
Never had such a smooth experience declaring my exports. The App identified me through a one time verification where I had to show the identity card. When declaring now a VAT refund the App asks me simply to show one of the items to the App. Done!
Our company serves millions of transactions in the VAT domain. Now opening the door to stamp-free value added reclaim allowing to improve the process for authorities, endconsumers and the retailers.
I was waiting for such an app for years now
Consumers like saving vat with refund options. However the process with stamp is outdated.
Great product from a good company
As a tax director for a major retailer I like that the numbers with electronic vat checkout are always correct.