GENERATING PRODUCT IDENTIFICATION AND REGISTRATION METHOD FOR USE IN TAX PURPOSES

摘要

A method of generating product identification and registration for tax and revenue collection purposes which includes the following components: a manufacturer of the product/customer of the taxing agency (e.g. BIR) having its own computer/web portal, the taxing agency (e.g. BIR) having its own computer/web portal connected to the web portal of the customer, said method operates on a proprietary program, the method comprising the following steps: customer registering with the taxing agency (e.g. BIR) web portal using his computer on-line using the login page with a valid username and password, customer entering the details regarding the new product/sub-product of the company, taxing agency (e.g. BIR) checking the product details, whether it is an unrelated/isolated product or duplicate product of that company, customer submitting product details to the BIR portal, taxing agency (e.g. BIR) verifying and checking the product/sub-product information, and taxing agency (e.g. BIR) storing the information into its Data Base.