Tax Refund Set-Off Notice: Important Information for Taxpayers

• Taxpayers eligible for a refund may have the amount offset if they owe in another period or tax type
• Legislation allows for the offset of refunds against unpaid amounts, taxes, levies, interest, or penalties
• Tax Refund Set-Off Notice will be issued as proof of the set-off
• Refunds will be issued directly to taxpayer’s bank accounts via Electronic Funds Transfer
• Taxpayers should ensure their banking details are submitted to GRA for prompt refund payment

Source: gra.gov.gy

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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