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Why may users attach VAT to their transactions?

Employees can complete their transactions with their payment receipts and VAT rates applied in only a few seconds directly from their mobile application.

For companies benefiting from a “premium” or a “corporate” plan, the VAT rate is automatically detected by Qonto´s algorithm once the receipt is uploaded. Users just have to confirm it.

For companies benefiting from a “solo” or “standard” plan, VAT data must be selected and entered manually according to the rate and the amount indicated on the transaction receipt.

Considering the workload of an entire team, the real-time and automated VAT detection and entry is a major time-saver for a company.

Note: If several VAT rates are applied to one transaction, you can find them in the “others” section while filtering your transactions.

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