Bellerage Alinga

Tax overpayments offsetting rules are planned to be changed

Tax overpayments offsetting rules are planned to be changed

The Ministry of Finance has prepared a project to simplify the procedure for offsetting the overpayments of one tax to repay the obligations of another. In accordance with current rules, it is possible to offset the amount of overpaid taxes against upcoming tax payments within the limits of one-group taxes (federal, regional, local). 

After the adoption of the bill, taxpayers will be able to offset the existing overpayment even between dissimilar tax groups. For example, a federal tax overpayment can be offset with regional or local obligation.