Method and system for assessing and reporting VAT charges for network-based marketplace services
US7827079B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 30, 2003 |
| Grant date | Nov 2, 2010 |
| Priority date | — |
| Expiry date | Nov 30, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/123
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and system for assessing VAT on marketing services provided via a network-based marketplace are disclosed. VAT is automatically assesses for users of the services having residences in different countries, at least a portion of which require VAT charges for the services. Corresponding data is stored at individual sites operated by the marketplace service. Periodically, VAT-related data are aggregated for each of the plurality of countries to generate respective tax return reports. VAT is accessed for different users based on the country of residence of the user and whether the user has a VAT-exempt status.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.