About Wasabil

The startup offers an online platform that automates the generation of purchase invoices while ensuring compliance with tax regulations, including VAT recovery on digital services. By streamlining the declaration of expenses and scheduling recurring invoices, the platform helps businesses save time and reduce their income tax liabilities.

```xml <problem> Many businesses, particularly in Chile, struggle with the complexities of declaring expenses for digital services from foreign companies and recovering the Value Added Tax (VAT). Incorrect declarations can lead to overpayment of income taxes and lost opportunities to claim VAT credits, while also risking non-compliance with tax regulations set by the Servicio de Impuestos Internos (SII). </problem> <solution> Wasabil is a platform designed to automate the generation of purchase invoices for digital services, ensuring compliance with Chilean tax regulations and facilitating VAT recovery. The platform integrates with the SII and popular digital service providers like Google, Shopify, and Facebook to automatically transform invoices into SII-recognized documents. By correctly declaring expenses and offering features like recurring invoice scheduling, Wasabil helps businesses save time, reduce income tax liabilities, and recover VAT on eligible digital services. </solution> <features> - Automated invoice generation for digital services from foreign companies - Integration with the Servicio de Impuestos Internos (SII) in Chile - Compatibility with popular digital service providers (e.g., Google, Shopify, Facebook) - Automated transformation of invoices into SII-recognized documents - Recurring invoice scheduling for services with fixed rates - Calculation tools to estimate potential savings - Secure data protection measures, including encryption - Support for multiple users and unlimited services on the Enterprise plan </features> <target_audience> Wasabil primarily targets businesses in Chile that utilize digital services from foreign companies and need to comply with local tax regulations while optimizing their tax liabilities. </target_audience> <revenue_model> Wasabil operates on a tiered subscription model, offering Growth (CLP 29,990/month), Scale (CLP 49,990/month + IVA), and Enterprise (CLP 189,990/month + IVA) plans with varying features and user limits. </revenue_model> ```

What does Wasabil do?

Where is Wasabil located?

Wasabil is based in Santiago, Chile.

When was Wasabil founded?

Wasabil was founded in 2023.

How much funding has Wasabil raised?

Wasabil has raised 200000.

Location

Santiago, Chile

Founded

2023

Funding

200000

Employees

5 employees

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Wasabil

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Executive Summary

wasabil.com 200+

Founded 2023 – Santiago, Chile

Funding

Estimated Funding

$100K+

Team (5+)

No team information available.

Company Description

Problem

Many businesses, particularly in Chile, struggle with the complexities of declaring expenses for digital services from foreign companies and recovering the Value Added Tax (VAT). Incorrect declarations can lead to overpayment of income taxes and lost opportunities to claim VAT credits, while also risking non-compliance with tax regulations set by the Servicio de Impuestos Internos (SII).

Solution

Wasabil is a platform designed to automate the generation of purchase invoices for digital services, ensuring compliance with Chilean tax regulations and facilitating VAT recovery. The platform integrates with the SII and popular digital service providers like Google, Shopify, and Facebook to automatically transform invoices into SII-recognized documents. By correctly declaring expenses and offering features like recurring invoice scheduling, Wasabil helps businesses save time, reduce income tax liabilities, and recover VAT on eligible digital services.

Features

Automated invoice generation for digital services from foreign companies

Integration with the Servicio de Impuestos Internos (SII) in Chile

Compatibility with popular digital service providers (e.g., Google, Shopify, Facebook)

Automated transformation of invoices into SII-recognized documents

Recurring invoice scheduling for services with fixed rates

Calculation tools to estimate potential savings

Secure data protection measures, including encryption

Support for multiple users and unlimited services on the Enterprise plan

Target Audience

Wasabil primarily targets businesses in Chile that utilize digital services from foreign companies and need to comply with local tax regulations while optimizing their tax liabilities.

Revenue Model

Wasabil operates on a tiered subscription model, offering Growth (CLP 29,990/month), Scale (CLP 49,990/month + IVA), and Enterprise (CLP 189,990/month + IVA) plans with varying features and user limits.