VAT continues pan-European expansion by strengthening team

VATBox, a provider of automated VAT recovery & compliance, has bolstered is European operations by adding Remco Dewaerheijt to its executive team.

Dewaerheijt is joining the company as vice president tax & product strategy, heading the new European Headquarter in the Netherlands. The company said the move reflects its continuing growth and expansion in the Europe region.

He previously served as the EMEA VAT Manager at PPG Industries, setting-up a centralised internal VAT compliance and advisory team for the EMEA region and developed their in-house automated compliance solution. Prior to working at PPG, Dewaerheijt was an indirect tax advisor at Baker & McKenzie.

Dewaerheijt , who has been collaborating with VATBox for the past year on developing new technological solutions, will now will further accelerate, develop and expand VATBox’s offering of new VAT solutions.

“We welcome Remco and wish him a lot of success in joining the VATBox family and executive team,” said Isaac Saft, CEO of VATBox. “We believe, Remco’s vast experience, innovation skills and strong leadership will bring significant value to our clients. We position the “Market Needs” as a leading element in our planning and execution. Together with Remco, the VATBox innovation team will keep bringing state of the art solutions to the TAX environment.”

VATBox is a global cloud-based technology company focused on simplifying the laborious VAT recovery process through intelligent knowledge-based automation. The company’s patented technology puts companies in control, providing total transparency, compliance and insight into all VAT spent. It claims to Minimize VAT risk by providing VAT transactions with full international compliance. The company currently serves hundreds of multi-national corporations and Fortune 500 companies around the world, including Eli Lily, Danone, 3M, Nike, Dell, Amazon, among others.

Last year, RegTech Analyst reported that VATBox was looking to accelerate its international expansion having raised $20m in funding. Target Global Fund led the round, which also included existing investors Viola Private Equity and other private investors, bringing the startup’s total equity raised to $50m.

Copyright © 2018 RegTech Analyst


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