Tax refund

(redirected from Tax Refunds)

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 ?
ISLAMABAD -- Advisor to Prime Minister on Finance and Economic Affairs, Dr Abdul Hafeez Shaikh has said that government has taken important decision on Tax Refunds for the promotion of economic activity and provide liquidity support to the businesses.
In a tweet, he said Rs22 billion of verified sales tax refunds for all years will be released immediately.
ISLAMABAD -- The FedeAral Board of Revenue (FBR) on Monday released Rs22 billion of verified sales tax refunds to exporters through the newly installed Fully Automated Sales Tax e-Refund (FASTER) system.
Adviser to Prime Minister on Finance and Revenue Dr.Abdul Hafeez Shaikh said that government has taken an important decision on Tax Refunds for the promotion of economic activity in the country and to provide liquidity support to businesses.
Adviser to Prime Minister Imran Khan on Finance Dr Abdul Hafeez Shaikh said on Monday the sales and income tax refunds for all years were to be released immediately.
In remarks from the Senate floor earlier this year, Senator Collins urged her colleagues to support this bipartisan legislation to protect Americans tax refunds.
ISLAMABAD -- Adviser to Prime Minister on Finance, Dr Abdul Hafez Sheikh Wednesday said that in order to facilitate taxpayers to get their tax refunds on time, the government was mulling over adopting Bangladesh and China model.
Self-service kiosks have been set up across all of the ports included in the Tax Refunds for Tourists Scheme in order to allow tourists to recover Value Added Tax (VAT) when leaving the UAE.
Summary: Self-service kiosks have been set up across all of the ports included in the Tax Refunds for Tourists Scheme in order to allow tourists to r...
Out of total 600 sales tax refunds claimants, around 200 businessmen have so far opened their CDC accounts which is approximately 33 percent only, said CDC press release on Monday.
KARACHI -- Around 600 exporters have opened investor accounts at the Central Depository Company (CDC) to receive tax refunds.
RM17.1 billion out of RM37 billion in Goods and Services Tax (GST) and income tax refunds has been returned to taxpayers as of April 30.