RESOLUTION OF THE MINISTRY OF TAXES AND TAX COLLECTION OF THE REPUBLIC OF BELARUS

of December 15, 2006 No. 123

About offsetting or return of excessively paid amounts of the income tax

Based on subitem 5.10 of Item 5 of the Regulations on the Ministry of Taxes and Tax Collection of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1592 "Questions of the Ministry of Taxes and Tax Collection of the Republic of Belarus" and Article 60 of the General part of the Tax code of the Republic of Belarus the Ministry of Taxes and Tax Collection of the Republic of Belarus DECIDES:

1. Excessively paid amounts of the income tax from physical persons determined proceeding from tax declarations (calculations) are subject to offsetting or return to the payer by the tax agent based on the written message of tax authority on the amount of excessively paid income tax (further - the written message). The written message goes to the tax agent no later than the working day after adoption by tax authority of the decision on offsetting or return.

Return to the payer of excessively paid amounts of the income tax is made by the tax agent by cash disbursement of money and (or) transfer to the current (settlement), supplementary (deposit) account of physical person at the expense of the total amount of tax which is subject to deduction from the income of payers and payment in the budget or at the expense of own means of the tax agent with compensation of these expenses at the expense of the total amount of tax which is subject to deduction from the income of payers and payment in the budget.

Return of excessively paid amount of the income tax is made by the tax agent within twenty days from the date of receipt of the written message.

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