'Shoppers and small businesses leave millions in duty on the table' say entrepreneurs

VICTORIA, BC, July 2, 2013 /CNW/ - Three young Canadian entrepreneurs are pleased to announce the launch of Duty-Back Refund Solutions Inc. (Duty-Back) to help Canadians get the tax refunds they are owed on returned goods bought online from other countries.

Duty-Back is the only company of its kind in the world say the founders.

Richard Vining, Jessica Kerr and David Gustavson estimate Canadians are not claiming some $240 million annually in duties they are entitled to because the process is just too complicated.

Their company, Duty-Back will process the refund for you for a small fee, payable only when you get your duty back.

"We conservatively estimate that we can help Canadians get back $126 million in duty rebates every year," said Richard Vining, Chief Operating Officer.

Duty-Back's unique first offering at www.duty-back.com is an online system that helps those who paid Canadian duty fees for importing goods into Canada get their duty and taxes back if they returned those goods.

Duty-Back uses a simple online form to collect the client's information and then submits a full refund application to the government, thus saving the client time and effort.

"Fees are often less than you would spend to mail an application and drive to the bank to deposit your refund," said David Gustavson, Co-Founder.

Duty-Back.com is currently only available to customers who have paid Canadian duty and sales tax but the company plans to offer the same service to American, Australian and European customers by 2015.

The company is working on a more powerful integrated solution to make it even easier for customers to get their duty back.

Duty-Back offers its services to urban and rural customers of internet shopping, a phenomenon that is growing steadily each year. Duty-Back helps consumers, retailers and governments by filling a vital gap in the return process of international shopping in this age of the global consumer.

Image with caption: "One of a kind Duty-Back targets $126 million in unclaimed duty. (CNW Group/Duty-Back Refund Solutions Inc.)". Image available at: http://photos.newswire.ca/images/download/20130702_C4015_PHOTO_EN_28616.jpg

SOURCE: Duty-Back Refund Solutions Inc.

For further information:

Media contact:
Don Fenton
416 434 3681

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Duty-Back Refund Solutions Inc.

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