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Rules for the refund of overpaid taxes and social insurance contributions
Rules for the refund of overpaid taxes and social insurance contributions
We hereby inform you that, according to the provisions of Article 87.1 of the Tax Code, except for the portion of excise tax calculated under Article 191.5 of the Code and paid to the Compulsory Medical Insurance Fund, if the amounts of taxes, interest, and financial sanctions paid exceed their calculated amounts, the overpaid amounts shall be credited against debts on other taxes, interest, financial sanctions, and administrative penalties, or, with the consent of the taxpayer, allocated towards payments of future obligations.
In cases where incorrect amounts have been paid due to erroneous indication of requisites and/or improper execution of banking operations, and provided that the taxpayer has no outstanding debt, such amounts shall be refunded in accordance with Article 87.4 of the Code within 20 days (and in relation to compulsory state social insurance contributions, unemployment insurance contributions, and compulsory medical insurance contributions – within 45 days).
For the refund of overpaid compulsory state social insurance contributions, taxpayers must apply to the tax authority with which they are registered using the prescribed application form. However, in response to your inquiry, we inform you that the overpaid funds are refunded to the individual concerned based on their application to the tax authority.
Legal Basis: Article 87 of the Tax Code; “Rules on the refund of overpaid taxes, compulsory state social insurance and unemployment insurance contributions, interest, and financial sanctions,” approved by Resolution No. 313 of the Cabinet of Ministers of the Republic of Azerbaijan dated July 16, 2019.
We hereby inform you that, according to the provisions of Article 87.1 of the Tax Code, except for the portion of excise tax calculated under Article 191.5 of the Code and paid to the Compulsory Medical Insurance Fund, if the amounts of taxes, interest, and financial sanctions paid exceed their calculated amounts, the overpaid amounts shall be credited against debts on other taxes, interest, financial sanctions, and administrative penalties, or, with the consent of the taxpayer, allocated towards payments of future obligations.
In cases where incorrect amounts have been paid due to erroneous indication of requisites and/or improper execution of banking operations, and provided that the taxpayer has no outstanding debt, such amounts shall be refunded in accordance with Article 87.4 of the Code within 20 days (and in relation to compulsory state social insurance contributions, unemployment insurance contributions, and compulsory medical insurance contributions – within 45 days).
For the refund of overpaid compulsory state social insurance contributions, taxpayers must apply to the tax authority with which they are registered using the prescribed application form. However, in response to your inquiry, we inform you that the overpaid funds are refunded to the individual concerned based on their application to the tax authority.
Legal Basis: Article 87 of the Tax Code; “Rules on the refund of overpaid taxes, compulsory state social insurance and unemployment insurance contributions, interest, and financial sanctions,” approved by Resolution No. 313 of the Cabinet of Ministers of the Republic of Azerbaijan dated July 16, 2019.