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August 14, 2026
Article 20, as amended by Federal Decree-Law No. 19 of 2022, governs excess Refundable Tax. The Taxable Person must carry any excess forward to subsequent Tax Periods and offset it against the Payable Tax or any Administrative Penalty imposed under the Decree-Law or the Tax Procedures Law until the excess is depleted. This applies where the Deductible Tax under Article 16 exceeds the Due Tax for the same Tax Period, and where Tax paid to the Authority exceeds the Payable Tax. If an excess remains after being carried forward, the Taxable Person may apply for a refund under the Executive Regulation.
Chapter 8 - Carrying Forward Excess Refundable Tax
Article 20 - Excess Refundable Tax
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