Automatic VAT reclaim ensures VAT refunds that are rightfully yours

More than 1/5 of all payment card transactions made by employees on business trips are never accounted for in terms of correct VAT refunds. This constitutes a direct loss for your company of up to 20% of your expenses. Vattax offers automated VAT refunding to ensure VAT returns that are rightfully yours.

See how it works (01:34)

Reclaim up to 20% of your business expenses.

Annual business expenses

Your potential VAT reclaim

102.000

Average VAT reclaim in the SEPA countries is 17%

Built on machine learning & partnerships

VAT reclaim engine

The Vattax VAT reclaim engine is based on a strong cooperation between market leading banks, providers of international payment cards, accounting consultancies, travel data providers, and an intelligent data engine that finds and structures VAT data for automatic reclaim.

Partnerships

Vattax has established a close partnership with market leading payment card issuers and specialists, considered to be global tax and VAT experts, to ensure an optimal digital process for VAT reclaim and QA of data.

See how it works
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EUR 5.5 billion

remains un-reclaimed on an annual basis

Developed in cooperation with some of the best tax advisers in the world

In close cooperation with partners, specialists, the tax authorities and reference customers, Vattax has developed a digital process to retrieve data and, for machine learning, QA of data and digital reclaim of VAT through national and international tax authorities.

  • “At Lunar Way we attend meetings, visit fairs and work with our network especially in Scandinavia and Northern Europe, so a lot of money is spent on accommodation, travel and purchases. Being able to get money back from the VAT we have paid is money that we did not count on, before using Vattax.”

    Peter Andreasen
    CFO, Lunar Way

How it works

  • 1.Payment

    Vattax works in close cooperation with Cardlay and Eurocard to retrieve data directly from payment card transactions, by recognising and optimising the data in real time when it is received by Vattax. Payments can be made both offline and online. The software platform, which is developed in close cooperation with Cardlay, can even handle private payments by making a payment and then tagging it with the information necessary in order to comply with the European VAT regulations.

    NextReceipts & Information
  • 2.Receipts & Information

    Vattax collects all possible information digitally, and receipts can be obtained automatically if they are digital. Otherwise, it is an easy and rapid process to attach a photo for a transaction, plus additional tags to comply with individual corporate rules.

    NextVAT reclaim engine
  • 3.VAT reclaim engine

    Vattax has developed a VAT reclaim engine to recognise, optimise and structure data from payment card users, through machine learning and AI, to ensure a seamless process for the collection and QA of data for its customers. The processes in the engine are developed according to differentiated European country rules, in cooperation with tax and VAT specialists:

    NextDigital reclaim of money
  • 4.Digital Reclaim of Money

    VAT is differentiated from country to country, not only in different percentages, but also in differentiated compliance rules for cost categories. This being travel, Dining of customers, who ́s attending and much more. Vattax help structure data for reclaim according to rules of the country and digitally prepare and re-claim potential VAT from Various countries simultaneously in Europe.

Brilliant for

travelling

The world is getting smaller, and business travel is a normal, but costly part of a company’s expenses. In Vattax, your employees can easily adapt the information required concerning their business travel expenses, and some of Vattax’s partners supply the information required automatically.

Brilliant for

accommodation

By ordering and paying for hotels online and offline, via cooperation with the Cardlay expense management software platform, and our market leading payment partners, Vattax can easily collect and structure the information required, for assessment and for reclaim of VAT.

80%20%
Did you know

One in five companies never reclaim their VAT

If your company is not reclaiming your VAT already – money that is rightfully yours – you should get started now with processing your data, for direct savings of up to 20%. Take the test to check this out.

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About us

Vattax by Cardlay

Vattax is an automated VAT reclaiming platform that, through integrations, machine learning and artificial intelligence (AI), reclaims VAT with no effort required by the claiming companies.

More than 80% of European companies do not reclaim the paid VAT that they are entitled to. For the minority this is a question of not knowing how to do it – and for the majority it is a question of having the required resources to collect, structure and apply for the potential claim. A lot of CFOs or Controllers simply decide that ”the gain is not worth the pain”, and do not invest the required resources. In close cooperation with Cardlay and partners, Vattax has developed a seamless process, including QA assessment before final reclaim.

You can usually reclaim the VAT paid on goods and services purchased for use in your business. Vattax offers a software engine and process to reclaim VAT in cooperation with recognised partners.

Vattax is a business line of Cardlay A/S, and shares Cardlay’s offices, but operates with its own staff and management. Contact Vattax for more info

Vattax helps you reclaim VAT -
money that is rightfully yours

Try Vattax