Article 49 – Corporate Tax Refund

1. A Taxable Person may make an application to the Authority for a Corporate Tax refund in  accordance  with  the  provisions  of  the  Tax  Procedures  Law  in  the  following circumstances:

1. 1. The Withholding Tax Credit available to a Taxable Person exceeds the Taxable Person’s Corporate Tax Payable.
   2. Where the  Authority  is  otherwise  satisfied  that  the  Taxable  Person  has  paid Corporate Tax in excess of the Taxable Person’s Corporate Tax Payable.

2. The Authority shall issue the Taxable Person a notice of the Authority’s decision on an application under Clause 1 of this Article in accordance with the Tax Procedures Law.