Tax Payments Refund until End of February

Posted by Reading Time: < 1 minute

Feb. 20 – The Ministry of Finance said companies that have not submitted the personal income tax to the tax bureau will have until the end of the month to give it back to their employees.

If for example, the company has already submitted their employees’ income tax for January prior to the Feb. 6 circular then they are advised to follow procedures to refund the money back from Treasury.

The new Personal Income Tax Law took effect on January 1st, 2009 but because of the global credit crisis, the government decided to delay collection until the end of May.