Situation changes When its tax Refunds to the taxpayer’s current account may also occur for example. If as a result of a double-check it turns out that the tax was overpaid incorrectly or in excess. In this case, the taxpayer will be notifi of the return of funds to his current account.
In addition, a refund to the current account may be made in case of payment of excessive tax by mistake or misinterpretation of the law.
Situation changes Returning to the taxpayer account is an important
Process that allows you to regulate relations between the taxpayer and the tax service, recognize the legitimacy of overpayment or erroneous brazil business email list withholding of tax, and ultimately protect the rights and interests of taxpayers.
Tax refund process
The tax refund process is a procure for the taxpayer to return funds that have been overpaid to the budget. Let’s analyze this process in more detail:
1. Submission of a tax return. The taxpayer must fill out a tax return, which indicates all income and expenses for the reporting period. The declaration may be submitt both in writing and in electronic form.
Checking the tax return
Tax authorities verify the information provid. They may request additional documents and calculations to confirm the indicat amounts.
3. Establishment of an estimat tax. Bas on the furthermore it’s also recommended that data provid and legislation, tax authorities calculate the amount of the calculat tax for the taxpayer.
Refund of tax payment. If the taxpayer overpaid the taxes, then the tax authorities will return the amount of overpayment to his current account. Refunds can be made both in cash and in kind.
Performance notice
After the tax refund is complet, the tax service notifies the taxpayer of the transaction. All stages of the tax refund process must be carri out strictly in cn numbers accordance with the legislation and requirements of tax authorities. If questions or problems arise, the taxpayer has the right to apply to the tax inspectorate for additional information and clarifications.