The tax authority will reimburse payments of advances paid, before the outbreak of the corona crisis – general

0
8



The Tax Authority reports this morning that it was preparing to allow for the return of advance payments of income tax paid, before the outbreak of the corona crisis, for the months of January and February 2020. This, after the Knesset approved legislation on the matter last week.

Until the amendment of the law, advance payments could not be refunded, but only at the end of the tax year and after the submission of the annual report. In accordance with approved legislation, amounts of advances paid by assessees for the months of January and February 2020 will be refunded in full or in part, if it is proved to the assessment of the assessee that the tax the assessee may owe for 2020 will be less than the amount of advances .

As of today, Linked Representatives can submit the application for their clients in the Representative System in a dedicated query developed for the subject in the Income Tax System (Query 428). Unrepresented taxpayers can submit the application for reimbursement of advances to the Assessing Office where the file is being processed, through a system of public referrals on the Authority’s website and declare that the refund is requested due to damage to their income due to the corona virus. You can only apply once, and no later than September 29, 2020.

Join

To

ad

Advertisement



Reimbursement will be given at the request of the payer of the advance plus interest and linkage differences, in accordance with the law and conditional, inter alia, on the submission of all advance reports for periods prior to the date of submission of the application, and bookkeeping by law. The Assessing Officer will give his decision on the application within 60 days from the date of submission.

Comments on the article(0):

Your response has been received and will be published subject to system policies.
Thanks.

For a new response

Your response was not sent due to a communication problem, please try again.

Return to comment

LEAVE A REPLY

Please enter your comment!
Please enter your name here