How to get a tax refund

It is important to analyze how to return the overpayment of taxes that the company paid by mistake. One should note right away that the features of the offset and refund procedure if the tax office collected a larger amount of money than was necessary are similar.

The question of how to return an overpayment of taxes arises quite often. Your company’s accountant may list more taxes overpayments & refund claims than required by tax law. The reasons may be different:

  • Errors in the calculation of taxes – inaccuracy in the calculation of the tax base, the application of the wrong tax rate.
  • Errors in filling out payment orders for the payment of taxes, penalties, and fines, resulted in their transfer to the budget in an excessive amount – an indication of an overestimated amount payable, an incorrect CSC.
  • Introducing positive changes to the tax legislation, the effect of which is retroactive. For example, a tax overpayment may result from the introduction of a benefit that has been applied since the beginning of the current year.
  • Based on the results of the tax period, the amount of tax to be reduced was calculated.
  • Change in the taxation regime.

However, the features of the set-off and refund procedure if the tax inspectorate collected a larger amount of money than was necessary are similar. First of all, the tax authority credits the excess amount towards the repayment of your debts on taxes, penalties and fines. If there is no debt, you can use the excess to pay future tax payments or return it to your current account.

How to find out if a company has overpaid taxes

Before thinking about how to return an overpayment in taxes, you need to understand whether you have this overpayment. If the tax inspectorate independently reveals the overpaid amounts, it is obliged to inform you about them within 10 working days from the date of establishing the relevant fact. But, as a rule, the taxpayer himself declares the overpayment of taxes by sending an application to the tax office.

It is important to understand that an overpayment offset is possible only against the payment of a tax of the same type. This rule works like this: an overpayment of federal tax can only be credited against the payment of this or other federal tax.

For example, an overpayment of VAT can be offset against future income tax payments only in the part credited to the federal budget – 2%, but cannot be offset against property tax; overpayment of a regional tax can only be credited against the payment of this or another regional tax penalty on them.

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What is an emergency loan

An emergency loan is a short-term loan given by a financial institution to an eligible client to meet their financial obligations. The lender reviews each application individually so that no loan goes to anyone who is not eligible to receive it. To qualify for an emergency loan, you must have unplanned expenses such as a child’s medical or educational costs or if you are past the stage of getting a regular loan from your bank or financial institution. The lender decides the amount of guaranteed emergency loans for bad credit is decided upon by the lender and varies depending on the reason for the emergency. An emergency loan may be up to a certain amount. Still, it’s always best to speak with your bank or financial institution to get accurate information about how much an emergency loan will cost you.


These loans are often short-term. It’s short-term because it’s meant to be used for a particular purpose, such as paying for an emergency or covering the immediate expenses of life. For example, you might need to get your car fixed because you have a flat tire.


To apply for an emergency loan, contact the lender directly. To ensure that you’ll be approved, fill out their application as completely and accurately as possible so that their application will be easy and fast to read through. If you want more information about your bank or financial institution, ask them right away! Again, call them directly if you need more information about your account or loan repayment options.

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