SYSTEM AND METHODS THEREOF FOR CONSUMER PURCHASE IDENTIFICATION FOR VALUE-ADDED TAX (VAT) RECLAIM

1 . A computer implemented method for value added tax (VAT) reclaim processing, comprising:

receiving at least one VAT receipt from a user node;

determining whether the VAT receipt is an authentic VAT receipt;

determining whether the VAT receipt is eligible for a refund; and

submitting the VAT receipt to a refund agency node (RAN).

2 . The computer implemented method of claim 1 , wherein the VAT receipt is determined to be authentic respective of information stored in a database by analyzing data collected from the VAT receipt with respect of information stored in the database.

3 . The computer implemented method of claim 1 , wherein the VAT receipt is determined to be eligible for a refund respective of an analysis of one or more parameters in the VAT receipt which are required for a VAT refund.

4 . The computer implemented method of claim 3 , wherein the one or more parameters include at least one of: a payer's name, a payer's address, a name of an entity being paid, a tax identification of the entity being paid, a receipt number, a description of item being paid for, a date, and a currency.

5 . The computer implemented method of claim 4 , wherein the VAT receipt is determined to be ineligible for a refund respective of at least one of: a lack of necessary information, and illegibility of the necessary information on the VAT receipt.

6 . The computer implemented method of claim 5 , further comprising:

upon a determination that the VAT receipt is ineligible for a refund, sending a request to edit the VAT receipt to the user node.

7 . A non-transitory computer readable medium having stored thereon instructions for causing one or more processing units to execute the method according to claim 1 .

8 . A system for value added tax (VAT) reclaim processing, the system comprising:

a processing unit; and

a memory coupled to the processing unit, the memory contains instructions that when executed by the processing unit configures the system to:

receive at least one VAT receipt from a user node;

determine whether the VAT receipt is an authentic VAT receipt;

determine whether the VAT receipt is eligible for a refund; and

submit the VAT receipt to a refund agency node (RAN).

9 . The system of claim 8 , wherein the VAT receipt is determined to be authentic respective of information stored in a database by analyzing data collected from the VAT receipt with respect of information stored in the database.

10 . The system of claim 8 , wherein the VAT receipt is determined to be eligible for a refund respective of an analysis of one or more parameters in the VAT receipt which are required for a VAT refund.

11 . The system of claim 10 , wherein the one or more parameters include at least one of: a payer's name, a payer's address, a name of an entity being paid, a tax identification of the entity being paid, a receipt number, a description of item being paid for, a date, and a currency.

12 . The system of claim 11 , wherein the VAT receipt is determined to be ineligible for a refund respective of at least one of: a lack of necessary information, and illegibility of the necessary information on the VAT receipt.

13 . The system of claim 12 , further configured to:

upon a determination that the VAT receipt is ineligible for a refund, send a request to edit the VAT receipt to the user node.