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May 15, 2026

Article 158 grants taxpayers the right to a refund if they have overpaid their taxes for any year, as proven by a final assessment. However, before a refund is issued, the Authority is entitled to deduct any outstanding tax payable by that taxpayer for other tax years. To claim a refund, the taxpayer must submit an application within five years from the end of the year in which the right to the refund arose. If the application is not made within this five-year window, the right to the refund legally lapses, making it a 'use-it-or-lose-it' provision.

Part 5 - Tax Assessment and Collection

Chapter 3 - Tax Collection and Refund

Section 2 - Tax Collection

Article 158

[GTL Notes: Tax Refund]

The Taxpayer shall have the right to get tax refund if it is proved that the tax paid for any tax year is more than the tax payable as per the final assessment for that tax year and after deducting any amount of tax payable for another tax year.

Tax shall be refunded on an application submitted by the taxpayer to the Authority within a period of five years from the end of the tax year in which the right for the tax refund arises; otherwise such right shall lapse.