The newly announced Wevat app allows non-EU residents travelling to France to replace laborious VAT refund documents-filing processes with a digital service that instantly generates a refund upon their departure from the country. Travellers can save up to 13 per cent on their shopping expenses and have their refunds deposited into their bank account, or put toward their credit card, Alipay, or WeChat Pay.
Compared to the VAT refund system retailers in France offer, the Wevat app returns up to 23 per cent more tax. And, unlike the traditional paper refund method which requires shoppers spend at least EUR100 per store transaction, Wevat provides refunds on a total spend of EUR100.
Source: www.digitaljournal.com
