20120158559 | COMPUTER-BASED SYSTEM - A computer-based system for determining insurance premium taxes (IPT) for multiple clients in a plurality of jurisdictions comprises an electronic database containing data identifying a plurality of classes of risk in each tax jurisdiction for which IPT is payable, the tax rates for each tax type applicable to each class of risk in each jurisdiction, the tax-collection organisation(s) in each jurisdiction for each class of risk, and financial data supplied by clients. Software associated with the database receives financial data from each client relating to insurance transactions for which IPT is payable and stores said data in the database, determines from said financial data the relevant class(es) of risk for each jurisdiction and the tax payable in respect thereof to each tax-collection organisation in the jurisdiction, and prepares a tax return for each transaction for which IPT is due. | 06-21-2012 |