Spectator on facebook

Spectator on facebook

Slovakia is the first country to test a new VAT refund app

Getting money back for buying souvenirs in Slovakia will be easier - there will be an app.

Illustrative Stock Photo(Source: Jozef Jakubčo, SME)

Bratislava, Košice, the High Tatras, Slovak Paradise, Orava Castle, Spiš Castle and many more. Slovakia's attractions are luring more and more tourists every year. Developers of a new app want to make life easier for tourists in getting their taxes back after they return home.

When buying souvenirs or other goods, value-added tax (VAT) is automatically included in the price. In Europe, the VAT on clothing, electronics, toys, etc. ranges between 17 percent to 27 percent. Not everyone knows that tourists may claim the VAT back once they leave the country.

Altogether in the EU around 90 percent of VAT refunds, some €23 billion, never makes it back to tourists’ pockets. The reason is the complicated process of VAT refunding and people often give up in advance.

A new app, Refundit, aims to change that and make VAT return easier. The co-founder of the globally known navigation app, Waze Uri Levine and Ziv Tirosh, Stockton co-founder came up with the idea.

“We want to make sure they get what’s rightfully theirs,” Uri Levine from Refundit talks about the idea behind the app.

Testing in Slovakia

The core innovation is the fully digitised process that allows tax authorities to approve the refund online. Slovakia is the first country to test the digital platform.

“We are excited by the opportunity of launching the service here,” Ziv Tirosh, co-founder of Refundit and CEO, told The Slovak Spectator.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Tourism and travel in Slovakia

Top stories

Government raises salaries within its reach

Lowest wage impacts the population and firms differently.

Minimum wage also impacts surcharges for night and weekend work.

Rector, minister, president. Why nobody halted the plagiarists’ appointment?

None of the concerned parties see their role in evaluating the moral qualities of the candidate for professor.

Marian Vanderka

Fallen lines and engine fires: Slovak trains are not without incidents Photo

Slovak rail carrier ZSSK is facing a massive wave of criticism after some recent accidents.

Fire on a train between Šaľa and Galanta.

The path through the treetops in the Bachledova valley gets a unique restaurant Photo

The new restaurant is invisible from the tower at the head of the path.