As a traveller you get a new approach on how to manage the large number of invoices collected during your travel
As a bookkeeper you are relieved of a lot of work managing the VAT refund process
As financial manager you get a new tool to increase your bottom line

You will always benefit

Some companies miss out on large amounts of money because they fail to obtain VAT refunds on money spent abroad. Perhaps because they are unfamiliar with the scheme. Or perhaps because they consider that the benefit is not worth the work involved in claiming the refund.

SimNomics has developed a solution which ensures that it is always worth your while to collect expenses spent abroad. And there is no risk of loosing money. If the refund is not recovered, your company will not pay: No cure, no pay.

It only takes a minute

When travelling abroad, you receive lots of invoices and receipts from hotel accommodation, car rental, restaurants, taxi, etc. The same occurs when having foreign suppliers. It quickly piles up to a high amount of paper to keep track on, and receipts can get lost.

SimNomics presents a solution to this challenge, which even reduces your overseas business costs. When spending money abroad, you are entitled to a VAT refund on your expenses, and now you can get your VAT refund in a much simpler way. All you need to do is to scan you invoices and receipts using your computer, smartphone or tablet. We will handle the rest of the procedure.

Save time on paperwork

So far, claiming VAT refunds on business travel expenses has been cumbersome. The accounts department has had to spend endless hours on entering data into forms, regulations, calculating and coordinating between local and foreign tax authorities. That is not the case with SimNomics: Having the invoices and receipts scanned and sent by smartphone, tablet or computer, SimNomics takes over the whole application process. Your accounting staff save a significant deal of time which can then be spent on other tasks, while we handle all the heavy paperwork.

About SimNomics

SimNomics has developed a service which simplifies the VAT refund process for companies travelling overseas.

You scan the relevant invoices and receipts yourself, and we will calculate your refund based on the VAT rates and regulations of the relevant country. Furthermore we handle all the paperwork and keep the process going by transferring the appropriate information between the local and the foreign tax authorities. The aim is for companies to avoid having to spend time on calculating, typing and administering the complicated rules in this area.

If no refund is obtained, the company does not pay a fee to SimNomics: No cure, no pay.

Click here to view a list of countries from which you can obtain VAT refunds.

Reference Companies

Strategic Partnerships / Travel Settlement systems

We are a member of International VAT Association