In cases where a taxpayer discovers overpayment of duties, it may, within one year starting from the day of duty payment, request the customs in writing to return the overpaid duty together with interests accruing on the same amount of current deposits in banks.

The difference between the income tax paid by him in 2000 and the tax that he would have paid, had he been treated on an equal footing with the privileged group, should be reimbursed to him with statutory interests.

(f) Refunds of overpaid taxes

3. Urges those member States which have outstanding balances on foreign tax accounts receivable to provide the reimbursement due as quickly as possible

Many tax administrations also receive certain types of information from banks (e.g., amount of interest payments) on an automatic basis, which greatly facilitates domestic tax administration and potentially expands the types of information that may be exchanged with treaty partners on an automatic basis Tax administrations and taxpayers can benefit from automatic reporting of information by financial institutions.

This tax credit replaces the family benefits program, the non refundable tax credit for dependent children and the tax reduction for families.

Reimbursement of taxes and other charges

In cases where refunding of duty or interest as specified in articles 50 and 52 of this set of regulations involves withdrawing money from the State Treasury, provisions of laws and administrative regulations on the administration of State Treasury shall be followed.

Income tax (under the Tax

In developing countries, tax holidays, exemptions from import duties and duty drawbacks are more prominent.

Interest income and dividends are recorded on an accrual basis and foreign taxes withheld are recorded as receivables.

(d) Income tax refund policy

Foreign tax accounts receivable

reimbursement of taxes to staff members who may be subject to national taxation in respect of their CCD emoluments and

The operation of the drawback scheme has been improved.

Shopping and customs clearance, as well as tax refund for foreign tourists would expedited, and the requirement for voluntary tax declaration of imported goods shall be strictly implemented according to the law.

The customs shall verify and notify the taxpayer to handle the return formalities within 30 days upon accepting the application for return of tax.

The customs shall verify and notify the taxpayer to handle the formalities related to the refunding of the overpaid part within 30 days upon accepting the application for duty refund.

However, there is a VAT refund scheme for tourists, who may claim the refund on certain items purchased in Thailand.

(ii) If the amount of such income taxes exceeds the amount of staff assessment, the Secretary General may also pay to the staff member the amount of such excess

6. Urges those Member States that have outstanding balances on foreign tax accounts receivable to provide the reimbursement due as quickly as possible

When determining the amount of Interest Rebate, marital status, the amount of interest paid by the taxpayer in question and his ownership of property are taken into account.

Recommendation 8 concerning greater and more efficient use of exchanges of information proposes that countries should undertake programmes to intensify exchange of relevant information concerning transactions in tax havens and preferential tax regimes constituting harmful tax competition.

In cases where provisions of other related laws and administrative regulations provide for refund of customs duties, the customs shall return the customs duties in line with the competent provisions.

Accounts receivable other include the Organization's claim amounting to 955,784 submitted to the Government of the United States of America in respect of United States income tax reimbursed to UNIDO staff members during the period 1994 to 1996 under the Tax Reimbursement Agreement.

The Tribunal is able to substitute its own decision in those areas in which it has jurisdiction, including social security, taxation, customs and veterans' entitlements.

When a Government wants information for domestic compliance and tax administration purposes, it can require local payors of income to report such income automatically through the use of taxpayer identification numbers (TIN) and the tax authorities can match such automatically reported income by computer with the information on the taxpayer's tax return filed with that same TIN.

The taxpayer shall handle the related tax refund formalities within 3 months, starting from the day of receiving the notice.

The taxpayer shall handle the related duty refunding formalities within three months upon receiving the notice.

The only thing they did prove was that he cheated his income tax a little.

Output version information and exit

Print course information and exit

Previous position include Regional Director, Regional Directorate Director for Information Technology, Directorate of Tax Information Executive Secretary, National Tax Court and head of district, District Tax Office, Jakarta.

Look for a sign saying VAT Refund for Tourists .

Automatic reporting of information by financial institutions can be very useful to tax administrations for the verification of information reported by taxpayers.

Financial rebates, in the form of import tax exemptions and domestic tax rebates, were also available to non traditional export sectors.

5, 58, 59 and 78) The Committee will continue to work on improvements in automatic reporting and automatic exchange of information in connection with the study of the use of withholding taxes and or exchange of information to enhance the taxation of cross border interest flows (ibid., para. 109 and preface).

In the current year, child benefits are always paid as a tax refund.

The court will now retire for deliberation.

Property taxes, excise taxes, import duties, and sales taxes all of which are paid, directly or indirectly, by corporations can have a magnified impact on corporate profits, and hence on the stock market. It is no coincidence that wherever stock markets thrive, governments take care that these taxes stop well short of destroying after tax corporate profits.

ii.The held to maturity investment is sold due to the fact that the relevant tax provisions have canceled the relevant policies on the pre tax credit of interest taxes against the held to maturity investment or have remarkably reduced the pre tax creditable amount

A more radical proposal would convert the tax deduction into a means tested and refundable matching government contribution deposited directly into a taxpayer s individual retirement account (IRA). Taxpayers are more responsive to matching incentives than they are to tax incentives, because the former are easier to understand and more transparent.

In cases where the customs discovers that it has surcharged duties, it shall notify the taxpayer to handle the related formalities of duty refund.

OECD has emphasized the benefits to tax administrations of the automatic reporting of information by financial institutions for both (a) domestic tax compliance and tax administration and (b) the automatic exchange of information with tax treaty partners

2. goods for which export duties have been paid are transported into the country without changing state due to quality or specification problems, and for which taxes of domestic links returned upon exportation have been paid