System and method for prediction of value added tax reclaim success

• US 10,636,100 B2
• Filed: 05/08/2014
• Issued: 04/28/2020
• Est. Priority Date: 02/27/2013
• Status: Active Grant

• Current Assignee: Vatbox, Ltd.
• Original Assignee: Vatbox, Ltd.
• Inventors: Saft, Isaac, Guzman, Noam
• Primary Examiner(s): Madamba, Clifford B
• Application Number:
  US14/272,825
• Publication Number:
  US 20140244458A1
• Time in Patent Office: 2,182 Days
• Field of Search: 705 31
• CPC Class Codes: G06Q 40/10 Tax strategies

Abstract

A method and system for predicting a likelihood of success of a potential value-added tax (VAT) reclaim are provided. The method includes receiving at least one VAT receipt; analyzing the at least one VAT receipt; retrieving information respective of likelihood of success respective of the VAT receipt analysis; and determining the likelihood of success of the potential VAT reclaim.

Claims

1. A computerized method for predicting a likelihood of success of a potential value-added tax (VAT) reclaim, comprising:

receiving, by a server including a digital image processor, at least one VAT receipt;

analyzing, by the server, the at least one VAT receipt, wherein the analysis includes at least determining, via digital image recognition, information contained in the at least one VAT receipt and whether a portion of each VAT receipt is obscured;

retrieving, based on the VAT receipt analysis, at least one VAT success parameter, wherein the at least one VAT success parameter includes at least one obscurity success parameter, wherein each obscurity success parameter represents a relative obscurity of an obscured portion with respect to one of the at least one VAT receipt;

computing a success measure using the at least one VAT success parameter; and

determining, based on the computed success measure, the likelihood of success of the potential VAT reclaim.

2. The computerized method of claim 1, wherein each VAT success parameter is associated with at least one of:

at least one parameter related to the user, at least one parameter related to a place of purchase, at least one parameter related to the user resident, at least one parameter related to the purchased product, at least one parameter related to the purchase price, at least one VAT receipt, and a plurality of conditions respective of laws related to VAT refund in a variety of countries.

3. The computerized method of claim 2, wherein the plurality of conditions related to the VAT refund include at least one of:

a minimum purchase required, a list of businesses in which a VAT refund is possible, an obligation to disclose all information needed based on goods that are mentioned in a VAT receipt, and an obligation to disclose all needed information of the user.

4. The computerized method of claim 1, further comprising:

determining authenticity of the at least one VAT receipt.

5. The computerized method of claim 1, further comprising:

determining eligibility for VAT refund for the at least one VAT receipt, wherein the at least one VAT success parameter includes the determined eligibility.

6. The computerized method of claim 1, further comprising:

identifying at least one error in the at least one VAT receipt, wherein each error is any of;

missing information, and unclear information.

7. The computerized method of claim 6, further comprising:

sending a request for corrective action upon identification of at least one error.

8. The computerized method of claim 3, wherein information respective of a likelihood of success further comprises a plurality of success parameters associated with the plurality of conditions related to the VAT refund.

9. 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.

18. The method of claim 1, further comprising:

determining, based on the VAT receipt analysis and the at least one condition associated with each VAT success parameter, at least one VAT success parameter to be applied, wherein determining the likelihood of success is further based on the at least one VAT success parameter to be applied.

19. The method of claim 1, wherein each obscurity has a size and a position relative to one of the at least one VAT receipt, wherein each obscurity parameter is based on the relative size and the relative position of a corresponding obscurity.

10. A system for predicting a likelihood of success of a potential value-added tax (VAT) reclaim, comprising:

a processor; and

a memory, wherein the memory contains instructions that, when executed by the processor, configure the system to;

receive at least one VAT receipt;

analyze, by the server, the at least one VAT receipt, wherein the analysis includes at least determining, via digital image recognition, information contained in the at least one VAT receipt and whether a portion of each VAT receipt is obscured;

retrieve, based on the VAT receipt analysis, at least one VAT success parameter, wherein the at least one VAT success parameter includes at least one obscurity success parameter, wherein each obscurity success parameter represents a relative obscurity of an obscured portion with respect to one of the at least one VAT receipt;

compute a success measure using the at least one VAT success; and

determine, based on the computed success measure, the likelihood of success of the potential VAT reclaim.

11. The system of claim 10, wherein each VAT success parameter is associated with at least one of:

at least one parameter related to the user, at least one parameter related to a place of purchase, at least one parameter related to the user resident, at least one parameter related to the purchased product, at least one parameter related to the purchase price, at least one VAT receipt, and a plurality of conditions respective of laws related to VAT refund in a variety of countries.

12. The system of claim 11, wherein the plurality of conditions related to the VAT refund include at least one of:

a minimum purchase required, a list of businesses in which a VAT refund is possible, an obligation to disclose all information needed based on goods that are mentioned in a VAT receipt, and an obligation to disclose all information needed respective of the user.

13. The system of claim 10, wherein the system is further configured to:

determine authenticity of the at least one VAT receipt.

14. The system of claim 10, wherein the system is further configured to:

determine eligibility for a VAT refund for the at least one VAT receipt, wherein the at least one VAT success parameter includes the determined eligibility.

15. The system of claim 10, wherein the system is further configured to:

identify at least one error in the at least one VAT receipt, wherein each error is any of;

missing information, and unclear information.

16. The system of claim 15, wherein the system is further configured to:

send a request for corrective action upon identification of at least one error.

17. The system of claim 10, wherein information respective of a likelihood of success further comprises a plurality of success parameters associated with the plurality of conditions related to the VAT refund.