SINGAPORE, 9 March 2022: Start-up tech company utu partners with KrisFlyer to offer travellers upsized VAT refunds in 50 countries worldwide as Singapore’s outbound airline travel picks up.
With the virtual utu Tax-Free Card, users are rewarded with USD125 worth of utu miles for every USD100 of tax refunds claimed abroad, which can be automatically converted into KrisFlyer miles.
Travellers who have applied for VAT refunds in the past know rebates are lower than the total tax amount stated on receipts. VAT refund operators deduct a processing fee of 30 to 50% from the final refund.
The utu Tax-Free Card users enjoy 25% more on their tax refunds in 50 countries where VAT and GST refunds can be credited to their frequent flyer account rather than taking a lower cash or credit card refund. Singapore, France, Switzerland, Germany, South Korea, Thailand, and the United Arab Emirates (UAE) are some countries covered by utu.
KrisFlyer, the lifestyle membership programme of the Singapore Airlines Group, offers a myriad of ways for members to earn and redeem miles, both in the air and on the ground. With over 3,000 partners – including hotels, travel services, restaurants, retail brands and more – in Singapore and worldwide, members can enjoy exclusive travel, shopping, dining, and experience offers made miles better with KrisFlyer.
Utu co-founder Ameer Jumabhoy commented: “Our partnership with KrisFlyer combines the best of both worlds of refunds and rewards by turbocharging their VAT refunds through utu miles that can be converted to KrisFlyer miles.”
Founded in 2015 and headquartered in Singapore, utu’s services are available in over 50 countries.