Method of refunding value added tax
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
May 11, 1999
Grant Date -
N/A
app pub date -
Nov 21, 1997
filing date -
Nov 21, 1997
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A value added tax card to be used in expediting refund of value added tax on purchases. The method of refunding includes establishing computerized personal accounts and associated value added tax cards. Each personal account and value added tax card has associated therewith the purchaser's name, address, country of residence and passport number. A photograph of the purchaser appears on the value added tax card. The card is presented at the time of purchase to the seller who then sends the credit to the computerized personal account equal to the charged value added tax.
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