Method And System For Collecting Indirect Tax

摘要

A method for collecting indirect tax associated with a transaction, the method being performed using a tax collection module, and comprising the steps of: determining that an indirect tax is due on the transaction having a transaction value; calculating the amount of indirect tax due on the transaction; deducting the calculated amount of indirect tax due on the transaction from the transaction value at a time associated with settlement of the transaction; and forwarding the deducted amount to a tax collecting entity at the time associated with settlement of the transaction.