refund

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Related to refunds: Tax Refunds

refund

return of money to a purchaser or the amount so returned
References in periodicals archive ?
Adviser to the Prime Minister on Finance Dr Hafeez Shaikh took to his twitter account to share the decision that the government has taken important decisions on tax refunds 'for the promotion of economic activity in the country and to provide liquidity support to businesses.'
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.
The PM's finance adviser also gave an individual break-down of the sales and income tax refunds, worth Rs22 billion and Rs1.7 billion, respectively.
He said that the FASTER would be facilitate the export oriented industry by addressing the refund claims and ensuring more liquidity for them, adding that refunds worth millions of rupees will be released with this system.
Islamabad -- The Federal Board of Revenue (FBR) has drafted new sales tax refund rules for faster, automated payment of the refund claims.The rules would expedite the process of claims processing filed by manufacturers-cum-exporters of textiles and clothing, carpets, leather and leather goods, surgical instruments and sports goods on the basis of the claimants' consumption of inputs within 72 hours of the declaration of their stocks (through form 'H') along with their monthly returns.
"Some travellers who applied for cash refunds were in a hurry to catch their flights," said the company director.
Millions of Americans filling out their 2018 taxes will probably be surprised to learn that their refund will be less than expected or that they owe money to the Internal Revenue Service after years of receiving refunds.
Lahore -- Pakistan Industrial and Traders Associations Front (PIAF) chairman Mian Nauman Kabir has urged the Federal Board of Revenue (FBR) for early release of Refund Payment Orders (RPOs) against pending sales tax refunds.
He said that currently, billions of rupees of exporters are stuck up on account of sales tax, customs rebate and income tax refund claims and duty drawback of taxes (DLTL) order under Prime Minister's export package and duty local taxes and levies schemes with the government and delay in payment of these pending refunds causing losses to the largest foreign exchange earning sector through exports.
AFTER three decades of hits and misses, value-added tax (VAT) payments and refunds have become easier for businesses as a result of the passage of the Tax Reform for Acceleration and Inclusion (TRAIN) Act, the Department of Finance said.
Gov't introduces reforms to ensure VAT refund !-- -- Mary Grace Padin (The Philippine Star) - December 21, 2018 - 12:00am MANILA, Philippines The government has introduced four reforms to ensure the faster processing of value-added tax (VAT) refunds of exporters and other qualified entrepreneurs, according to the Department of Finance (DOF).
An official release said, "Total GST refunds to the tune of Rs 91,149 crores have been disposed by CBIC and State authorities out of the total refund claims of Rs 97,202 crores received so far.