refund


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Related to refund: Tax refund

refund (some money) to (someone)

To return the money spent or invested by someone. The automaker has been directed to refund payments to all of its customers following the discovery of defective parts used in its anti-lock brake system. They would only refund half the money to me because I had already taken the tags off We'll send you a notification when the money is refunded to your account.
See also: refund

refund something to someone

to return payment for something to someone. I insist that you refund the money to me at once. Her money was refunded to her by the store as soon as she asked for it.
See also: refund
References in periodicals archive ?
Adviser to the Prime Minister on Finance Dr Hafeez Shaikh took to his twitter account to share the decision that the government has taken important decisions on tax refunds 'for the promotion of economic activity in the country and to provide liquidity support to businesses.'
He said that the system would bring more transparency in the sales tax refunds claims as the human interaction was completely eliminated and the system would work on electronically generated invoices of sales and purchases.
However, exporters who do not file form 'H' - mandatory to claim refunds - along with their monthly returns will get 120 days, extendable by another 60 days under certain conditions, to submit the form.
From November 18 2018, eligible tourists in the UAE have been able to request refunds on VAT from purchases made while in the UAE.
Many Americans may confuse their small refund as a sign that they paid more in taxes as a result of the Tax Cuts and Jobs Act.
The PIAF chairman Mian Nauman Kabir in a statement along with senior vice chairman Nasir Hameed Khan and vice chairman Javed Iqbal Siddiqui said that the businessmen were bearing huge financial costs on their own hard earned stuck-up money; therefore, the FBR chairman should look into the matter and ensure early release of sales tax and income tax refunds as promised by the government through promissory notes.
'So all of these together will allow the refund process to be better.
The DOF said the pre-TRAIN process of claiming VAT refunds involved the submission of many documents, and often takes years to resolve.
In the case of RFD-01A (ITC Refunds plus other refunds) claims, out of the total refund claims of Rs.
Byrne revealed that the number of companies registering for the tourist VAT refund scheme are expected to more than double from currently 4,500-plus to 6,000 by the end of 2018 and 10,000 by early next year.
"This means that the tourist refund will come in to effect after the scheme is implemented.
The offset application needs to be submitted to IRB for verification before approval while the remaining tax refunds will be carried out based on the government's fiscal ability, the finance minister said in a statement.
During this refund fortnight, apart from various measures like Special refund cells at CBIC offices, exporter awareness campaigns etc., a unique facility was provided by CBIC.
When these resources work as planned, a taxpayer's refund can be issued in as little as 10 days, with most refunds paid within 21 days.
Refund claims for open tax years are an often overlooked opportunity to ensure that a taxpayer takes advantage of tax benefits to which it is entitled.