Our history

The Vatecure group was set up in 2010, when the new directive 2018/9/EC on the refund of foreign VAT in Europe was introduced, to automate the process of processing and filing applications on tax portals in Europe.

Since then, the group has continued to develop and offer innovative functionalities to accelerate and optimize VAT refunds for foreign companies, whether in the road haulage sector, trade fairs and congresses, or business travelers who are unable to recover their foreign VAT due to a lack of correctly issued invoices.

Many VAT refund companies outsource the management of their refund claims to Vatecure for the sake of efficiency, quality and filing capacity throughout Europe.

Vatecure Fintech was founded in 2000 by Ivo Brabec and Petr Jandal.

Its mission was to develop a suite of products to automate communication processes with the tax administration portals of 18 European countries for income tax and social security purposes, adapted for VAT collection in 2010.

FastVAT began operations in 2010.

FastVAT enables road hauliers throughout Europe to refund and pre-finance foreign VAT on diesel fuel and toll invoices, as well as refunding excise duty on diesel fuel.

Sébastien Schmitt former head of Vialtis became CEO in 2016. Fastvat has processed over 45,000 invoices in 5 years, backed by an extensive network and efficient technological support for automatic claims.

FastVAT is growing fast in Eastern Europe.

Taxecure began in 2014.

Taxecure was created in exclusive partnership with Voxel, the world leader in electronic invoicing in the hotel industry with its Bavel software, to offer a fully automated and optimized VAT recovery system for business travelers' hotel invoices.

The estimated market for recovering VAT on hotel bills in Europe is worth several billion euros a year, of which less than 20% is currently refunded.

Taxecure signed agreements in 2018 with Melia, Mastercard and other groups soon to launchest its offer.

Vatecure has been rolling out its business since 2017 with new partnerships in the world of hotels, business expenses and VAT refunds.

Our entities

The Vatecure group has a number of specialist companies, each specializing in its own field

Automated VAT refund of hotel invoices in large hotel chains.

Pre-financing of foreign VAT for road hauliers on diesel and tolls in Europe. Reimbursement of excise duties on diesel fuel.

Software development on our VAT ERP to automate the analysis, processing and filing of foreign VAT invoices.

VAT technology

Automate the VAT recovery system: Substantial reduction in processing time.

Work with e-invoice suppliers: e-invoices are easier to make VAT-compliant; they significantly increase the percentage of VAT recoverable and reclaimed, as well as substantially reducing processing and refund times.

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VAT factoring expertise

All e-invoices processed by Vatecure or Taxecure have VAT advanced in a matter of days instead of months, without risk. The technology and know-how accumulated over several decades in VAT pre-financing to reduce our investors' risk to zero.

Our team

Vatecure is currently headed by CEO Sébastien Schmitt and a management team with backgrounds in IT, finance and indirect taxation.

Sébastien Schmitt
Sébastien SchmittCEO
M'barek Ouazragh
M'barek OuazraghDirector

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