20080255971 | METHOD AND SYSTEM OF SELF-AUDITING FOR RECOVERING SALES TAX - This invention relates to a method and system of self-auditing for recovering refundable sales taxes, including but not limited to value-added (VAT), by performing specifically established tax compliance algorithmic functions. Business entities are entitled to recover tax paid on purchased goods and services. The method and system allow the business to conduct self-audit on their own accounting system, which contains its business related accounts payable accounting transaction data in order to extract specific data anomalies related to sales tax entitlements. The method and system process and identify specific transaction details and calculate differential monetary currency tax recovery amounts that have been overlooked as tax entitlements or overpaid in error to vendors for their determination of their net tax owing to various government bodies. | 10-16-2008 |