Tax refund


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Related to Tax refund: tax return

Tax refund

Money back from the government when too much tax has been paid or withheld from a salary.

Tax Refund

Money given back to a taxpayer if he/she/it has paid too much in taxes for a given year. Tax refunds are most common for employees from whose paychecks too much has been withheld because of deductions and credits for which the withholding does not account. One may only collect a tax refund for a certain number of years after it was originally due.
References in periodicals archive ?
The firm is also to use some of the tax refund on initiatives to recruit more doctors and bring telemedicine to rural towns.
The Users who are using the service can receive their tax refunds settled in Chinese yuan and sent instantly to their WeChat wallet or Alipay accounts after their tax refund forms are processed.
He contended that customs rebate claims of approximately Rs50 billion were pending with the Federal Board of Revenue (FBR) whereas sales tax refund claims including deferred claims amounted to around Rs200 billion.
He revealed that after the payment of limited amount in 2017 now pending amount includes Rs 40 billion sales tax refund claims, Rs 10 billion customs duty rebate and Rs 5 billion Duty Drawback of Local Taxes (DLTL) and Rs 20 billion is yet to be paid to the exporters under the Prime Minister's incentive package for exporters.
We are excited to bring to you our ground-breaking tax refund loan app MKG Tax Refund which will very soon redefine the tax industry and for better.
After the tax inspection has been completed, the tax refund is transferred to the client's bank card.
If there's a tax refund coming your way, funding a 529 plan is a good way to get closer to your college savings goal.
The FBR had placed sales tax refund claims on the backburner despite knowing it was urgent for the financially weak exporters.
According to the overseas visitors tax refund policy in the PRC, tax refund is given to visitors from foreign countries, Hong Kong, Macau and Taiwan who have not stayed over 183 days in the PRC (the "Overseas Visitors").
Each and every claim for tax refund that was approved by the concerned revenue offices, after the conduct of necessary audit and/or verification, as the case may be, shall be processed, approved and the corresponding check released within 75 days," read Revenue Memorandum Order (RMO) No.
AS the extra expense of summer holidays is fast approaching, now could be the ideal time to see if you are owed a tax refund.