BriefIsraeli VAT Refund Startup ReFundit Announces a Pilot With Slovakian Government
This is the first collaboration for ReFundit, which developed an app that digitizes the VAT refund approval process
Israeli tax refund startup ReFundit has announced on Monday a collaboration pilot with Slovakian government, the company’s first. Founded by Waze co-founder Uri Levin and by CEO Ziv Tirosh, ReFundit developed an app that digitizes tax refunds for tourists.
Some European countries allow visitors to get refunds for value-added tax (VAT) placed on purchases of goods such as clothing, electronics, and toys, ranging between 17% to 27% of the price. To get a VAT refund approved, tourists must wait on long lines, fill out complex forms, and present purchase receipts.
ReFundit said in a statement Monday it is currently working on several collaborations with a number of European countries.