Article 49 – Corporate Tax Refund

1. A Taxable Person may make an application to the Authority for a Corporate Tax refund in accordance with the provisions of the Tax Procedures Law in the following circumstances:

1. The Withholding Tax Credit available to a Taxable Person exceeds the Taxable Person’s Corporate Tax Payable.
2. Where the Authority is otherwise satisfied that the Taxable Person has paid Corporate Tax in excess of the Taxable Person’s Corporate Tax Payable.

2. The Authority shall issue the Taxable Person a notice of the Authority’s decision on an application under Clause 1 of this Article in accordance with the Tax Procedures Law.